NEW YORK, Aug. 13, 2018 /PRNewswire/ -- BGC Partners,
Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a
leading global brokerage company servicing the financial and real
estate markets, today announced an offer to exchange up to
$450 million aggregate principal
amount of its outstanding 5.375% Senior Notes due 2023 (the "Old
Notes") for an equivalent amount of its 5.375% Senior Notes due
2023 registered under the Securities Act of 1933, as amended (the
"Exchange Notes").
$450 million in aggregate
principal amount of the Old Notes were issued and sold by the
Company in July 2018, in a private
offering.
The exchange offer will expire at 12:00 midnight, New York City time, on Friday, September 7, 2018 (one minute after
11:59 P.M. on September 7, 2018), unless extended. Tenders of
Old Notes must be made before the exchange offer expires and may be
withdrawn any time prior to the expiration of the exchange offer.
The exchange offer is being made to satisfy the Company's
obligations under a registration rights agreement entered into in
connection with the issuance of the Old Notes, and does not
represent a new financing transaction.
The terms of the exchange offer are set forth in a prospectus
dated August 10, 2018. Copies of the
prospectus and the other exchange offer documents may be obtained
from the exchange agent:
U.S. Bank National
Association
Corporate Trust
Services
EP-MN-WS-2N
60 Livingston
Avenue
St. Paul, MN 55107
Attention: Specialized Finance
Telephone: (800) 934-6802
This press release is for informational purposes only and is
neither an offer to buy nor a solicitation of an offer to sell any
Old Notes or Exchange Notes. The exchange offer is being made only
pursuant to the exchange offer prospectus, which is being
distributed to holders of the Old Notes and has been filed with the
United States Securities and Exchange Commission (the "SEC") as
part of BGC Partners, Inc.'s Registration Statement on Form S-4
(File No. 333-226445), which was declared effective on August 10, 2018.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage company servicing the financial and real estate
markets. BGC offers Real Estate Services through its publicly
traded subsidiary Newmark Group, Inc. ("Newmark Group"). BGC's
Financial Services offerings include fixed income securities,
interest rate swaps, foreign exchange, equities, equity
derivatives, credit derivatives, commodities, futures, and
structured products. BGC's Financial Services customers include
many of the world's largest banks, broker-dealers, investment
banks, trading firms, hedge funds, governments, corporations, and
investment firms. BGC, BGC Trader, GFI, Fenics, Fenics Market Data,
Capitalab, and Lucera are trademarks/service marks and/or
registered trademarks/service marks of BGC Partners, Inc. and/or
its affiliates. BGC's common stock trades on the NASDAQ Global
Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has
an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock
Exchange under the symbol (NYSE: BGCA). BGC Partners is led by
Chairman and Chief Executive Officer Howard
W. Lutnick. For more information, please visit
http://www.bgcpartners.com. You can also follow BGC at
https://twitter.com/bgcpartners,
https://www.linkedin.com/company/bgc-partners, and/or
http://ir.bgcpartners.com.
Newmark Group, through subsidiaries, operates as a full-service
commercial real estate services business with a complete suite of
services and products for both owners and occupiers across the
entire commercial real estate industry. Newmark Group has
relationships with many of the world's largest commercial property
owners, real estate developers and investors, as well as Fortune
500 and Forbes Global 2000 companies. Newmark Group is listed on
the NASDAQ Global Select Market under the symbol "NMRK". Newmark
and Berkeley Point are trademarks/service marks and/or registered
trademarks/service marks of Newmark Group, Inc. and/or its
affiliates. Knight Frank is a service mark of Knight Frank
(Nominees) Limited. Find out more about Newmark Group at
http://www.ngkf.com, https://twitter.com/newmarkkf,
https://www.linkedin.com/company/newmark-knight-frank, and/or
http://ir.ngkf.com.
Discussion of Forward-Looking Statements about BGC and
Newmark
Statements in this document regarding BGC and
Newmark that are not historical facts are "forward-looking
statements" that involve risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements. Except as required by law, BGC and
Newmark undertake no obligation to update any forward-looking
statements. For a discussion of additional risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see BGC's and Newmark's Securities
and Exchange Commission filings, including, but not limited to, the
risk factors set forth in these filings and any updates to such
risk factors contained in subsequent Forms 10-K, Forms 10-Q or
Forms 8-K.
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