BGC Group enters into $700M unsecured revolving credit facility, maturity extended to 2030

BGC Group, Inc.

New $700M unsecured senior revolving credit facility replaces existing agreement; can be increased to $900M.
Maturity date extended to May 15, 2030; $240M in borrowings outstanding at closing roll into new facility.
Interest rate initially Term SOFR + 1.875%; covenants include minimum net worth, net excess capital, interest coverage, and leverage ratio.
Funds to be used for general corporate purposes; credit ratings-based pricing grid with range of 1.375% to 2.125% for Term SOFR loans.

item 1.01item 8.01item 2.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.