BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced that it had extended its offer to exchange up to $300 million aggregate principal amount of its outstanding 4.375% Senior Notes due 2025 for an equivalent amount of its 4.375% Senior Notes due 2025 registered under the Securities Act of 1933, as amended. The Company issued and sold $300 million in aggregate principal amount of the Old Notes in a private offering in July 2020.
The Exchange Offer, previously scheduled to expire at 5:00 p.m., New York City time, on Wednesday, October 7, 2020, will now expire at 5:00 p.m., New York City time, on Wednesday, October 14, 2020, unless further extended. $298,570,000 in aggregate principal amount, or 99.52%, of the outstanding Old Notes were tendered in the Exchange Offer as of 5:00 p.m., October 7, 2020.
The terms of the exchange offer are set forth in a prospectus dated September 9, 2020. Copies of the prospectus and the other exchange offer documents may be obtained from the exchange agent:
About BGC Partners, Inc.
BGC Partners is a leading global brokerage and financial technology company. BGC specializes in the brokerage of a broad range of products, including fixed income (rates and credit), foreign exchange, equities, energy and commodities, shipping, insurance, and futures. BGC also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through brands including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc., and/or its affiliates.
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC's Class A common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP". BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.
