trending Market Intelligence /marketintelligence/en/news-insights/trending/v1-d1_xq-apzmxmho5kbww2 content esgSubNav
In This List

BGC Partners redeems debt

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


BGC Partners redeems debt

BGC Partners Inc. completed the redemption of all of its 8.125% senior notes due 2042, having a principal amount of $112.5 million.

BGC Partners, as previously announced, loaned $112.5 million to unit Newmark Group Inc. at an annual interest rate of 6.5% on Sept. 4.

Newmark used the proceeds to repay an intercompany note owed to BGC Partners incurred in connection with the original issuance of the redeemed notes, while BGC Partners used the proceeds of the repayment to complete the note redemption.