BGC closes $500M 6.600% senior notes due 2029, net ~$495.3M, to refinance $300M of 3.750% 2024 notes

BGC Group, Inc.

Net proceeds of $495.3M after discounts & expenses; used to repurchase/repay $255.5M BGC 3.750% notes and $44.5M BGC Partners 3.750% notes.
Notes mature June 10, 2029; interest at 6.600% payable semi-annually starting Dec 10, 2024; unsecured, no financial covenants.
Third Amendment to Cantor Credit Agreement permits up to $400M of FICC-GSD Margin Loans at ~5.14% rate, maturity ≤35 days.
Clearing Agreement Amendments align margin posting rate with Cantor's third-party credit facility cost.
Registration rights agreement requires exchange offer within 365 days or potential shelf registration.

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