---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-065856"
form_type: "8-K"
ticker: "BGC"
cik: "0001094831"
company_name: "BGC Group, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T22:46:58.405565+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-065856
- form_type: 8-K
- ticker: BGC
- cik: 0001094831
- company_name: BGC Group, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1094831/000119312524065856/0001193125-24-065856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1094831/000119312524065856/d808282d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-065856
- JSON: https://secwatch.observer/filing/0001193125-24-065856.json
- Plain text: https://secwatch.observer/filing/0001193125-24-065856.txt

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