BGC Partners Inc. closed its offering of $300 million worth of 3.75% senior notes on Sept. 27.
The notes are general senior unsecured obligations of BGC with interest paid semiannually at 3.75% per year every April 1 and Oct. 1 starting April 1, 2020, until Oct. 1, 2024.
The company intends to use the net proceeds for general corporate purposes, including payment of unsecured senior revolving loans.
The notes were offered and sold in a private offering exempt from registration requirements under the amended Securities Act of 1933.
