Bgc partners announces launch of exchange offer for 3.750% senior notes due 2024

Bgc partners, inc. announced an offer to exchange up to $300 million aggregate principal amount of its outstanding 3.750% senior notes due 2024 (the "old notes") for an equivalent amount of its 3.750% senior notes due 2024 registered under the securities act of 1933, as amended (the "exchange notes"). $300 million in aggregate principal amount of the old notes were issued and sold by the company in september 2019, in a private offering. the exchange offer will expire at 5:00 p.m., new york city time december 2, 2019, unless extended. tenders of old notes must be made before the exchange offer expires and may be withdrawn any time prior to the expiration of the exchange offer. the exchange offer is being made to satisfy the company's obligations under a registration rights agreement entered into in connection with the issuance of the old notes, and does not represent a new financing transaction.
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