BGC Group announces exchange offer for $700 million in senior notes

NEW YORK - BGC Group, Inc. (NASDAQ:BGC), a $4.8 billion market cap financial services firm currently trading at $10.19, announced Wednesday an offer to exchange up to $700 million aggregate principal amount of its outstanding 6.150% Senior Notes due 2030 for an equivalent amount of notes registered under the Securities Act of 1933.

The original notes were issued and sold by the company in April 2025 in a private offering. The exchange offer will expire at 5:00 p.m., New York City time, on September 25, 2025, unless extended. With total debt of $2.1 billion and a "GOOD" Financial Health score according to InvestingPro, BGC maintains a solid balance sheet position.

According to the company’s statement, the exchange offer is being made to satisfy BGC’s obligations under a registration rights agreement connected with the issuance of the original notes and does not represent a new financing transaction. The company has demonstrated strong performance with 21% revenue growth in the last twelve months. Get deeper insights into BGC’s financial health and growth prospects with InvestingPro’s comprehensive research report, one of 1,400+ available for top US stocks.

Holders of the original notes can tender them before the exchange offer expires and may withdraw their tenders any time prior to the expiration date.

The terms of the exchange offer are detailed in a prospectus dated August 27, 2025. The company’s Registration Statement on Form S-4 related to the exchange was declared effective by the Securities and Exchange Commission on August 26, 2025.

The Huntington National Bank is serving as the exchange agent for the transaction.

This information is based on a press release statement issued by BGC Group.

In other recent news, BGC Group, Inc. announced that it anticipates exceeding its previously stated outlook for revenue and pre-tax adjusted earnings for the second quarter of 2025. The company revealed that its results would be "slightly above" the guidance provided in its earlier financial results press release from May 7. These developments indicate a positive adjustment in the company’s financial expectations for the upcoming quarter. Investors may find this update noteworthy as it suggests an upward revision in anticipated financial performance. This announcement comes amidst the company’s ongoing operations across various marketplaces, including fixed income, foreign exchange, and commodities. The financial community will likely keep an eye on BGC Group’s forthcoming earnings report to see how these projections materialize.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.