BGC Group amends credit facility, extends maturity to April 2027, ups accordion to $475M

BGC Group, Inc.

Second A&R Credit Agreement signed April 26, 2024; extends maturity of $375M revolver to April 26, 2027.
Company can increase revolver to $475M (from $450M) subject to conditions.
Borrowings bear interest at Term SOFR plus margin (initially 1.75%) or base rate plus margin (initially 0.75%).
Financial covenants: minimum net worth, net excess capital, interest coverage, and max leverage ratio.
Proceeds to be used for general corporate purposes.

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