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BGC Partners files shelf for sale of various senior notes by affiliate

BGC Partners Inc. has filed a shelf registration for various senior notes which may be offered and sold by its affiliate, Cantor Fitzgerald & Co.

The registration includes $300.0 million of its 5.125% senior notes due May 27, 2021; $450.0 million of its 5.375% senior notes due July 24, 2023; and $300.0 million of its 3.750% senior notes due Oct. 1, 2024.

Cantor may offer and sell the notes in market-making transactions, which may occur in open-market or privately negotiated transactions.

BGC Partners will not receive any proceeds from such market-making transactions.

Interest payments on the 2021 notes will be made on May 27 and Nov. 27 of each year, while those for the 2023 notes will be made on Jan. 24 and July 24 of each year. The 2024 notes will pay interest on April 1 and Oct. 1 of each year, starting April 1, 2020.

U.S. Bank NA is the trustee for the 2021 and 2023 notes, while Wells Fargo Bank NA is the trustee for the 2024 notes.