debt
confidence high
sentiment neutral
materiality 0.55
BGC Group prices $700M of 6.150% senior notes due 2030 to refinance near-term debt
BGC Group, Inc.
- $700.0M aggregate principal of 6.150% senior unsecured notes due 2030 priced in private offering.
- Proceeds to repurchase/repay $288.2M of 4.375% Senior Notes due 2025 and $11.8M of subsidiary notes.
- Additional net proceeds to be used for general corporate purposes.
- Redemption includes payment of any applicable redemption premium.