BGC borrows $240M from Cantor at reduced rate to replace external credit facility

BGC Group, Inc.

Second Amendment to intercompany Credit Agreement cuts interest rate to 25 bps below borrower's external revolving loan rate.
BGC borrowed $240M under the amended Cantor Credit Agreement on March 12, 2024.
Proceeds used to repay all $240M outstanding under BGC's external Credit Agreement, eliminating external borrowings.
New effective interest rate on BGC's borrowing from Cantor is ~6.92%, versus ~7.17% on prior external debt.
Amendment approved by BGC Board of Directors and Audit Committee.

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