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BGC Partners prices offering of senior notes due 2024

BGC Partners Inc. priced a private offering of $300 million aggregate principal amount of senior notes due Oct. 1, 2024.

The notes will be general senior unsecured obligations of the company. These will pay interest semiannually at a rate of 3.750% per annum, on April 1 and Oct. 1, beginning April 1, 2020.

The offering is expected to close Sept. 27. BGC Partners intends to use the net proceeds for general corporate purposes, including to pay down unsecured senior revolving credit agreement indebtedness.