---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-229154"
form_type: "8-K"
ticker: "BGC"
cik: "0001094831"
company_name: "BGC Group, Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:13:25.483895+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# BGC Group launches $950M debt exchange for own notes; simplifies post-conversion capital

## Summary
- Offers to exchange $300M 3.750% notes due 2024, $300M 4.375% notes due 2025, and $350M 8.000% notes due 2028 for new BGC Group notes with same rates and maturities.
- Holders tendering by Sept. 19 receive $1,000 principal of new notes plus $1 cash per $1,000 old notes; early premium of $30 additional new notes.
- Consents sought to amend indentures to eliminate certain covenants and default provisions; consent revocation deadline Sept. 19.
- Exchange offers expire Oct. 4, 2023; subject to SEC effectiveness of registration statement.
- Follows July 1, 2023 conversion making BGC Partners a wholly owned subsidiary; BGC Group to assume credit facilities.

## SEC filing metadata
- accession: 0001193125-23-229154
- form_type: 8-K
- ticker: BGC
- cik: 0001094831
- company_name: BGC Group, Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1094831/000119312523229154/0001193125-23-229154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1094831/000119312523229154/d818679d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-229154
- JSON: https://secwatch.observer/filing/0001193125-23-229154.json
- Plain text: https://secwatch.observer/filing/0001193125-23-229154.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.