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BGC Group Launches $700 Million Exchange Offer for Senior Notes

BY MT Newswires | CORPORATE | 08/27/25 09:19 AM EDT

09:19 AM EDT, 08/27/2025 (MT Newswires) -- BGC Group (BGC) launched Wednesday an offer to exchange up to $700 million of its outstanding 6.150% senior notes due 2030 for an equivalent amount of its registered 6.150% senior notes due 2030.

The company said the old notes were issued and sold in a private offering in April.

The exchange offer, set to expire on Sept. 25 unless extended, does not represent a new funding transaction but is intended to satisfy a registration rights agreement related to the issuance of the old notes, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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