Rhea-AI Summary
BGC Partners announced the pricing of $300 million in 4.375% senior notes, set to mature on December 15, 2025. The notes will provide semi-annual interest payments beginning December 15, 2020. Proceeds will be used to repurchase existing 5.125% senior notes due 2021 and for general corporate purposes. The offering is private and exempt from the registration requirements of the Securities Act. Forward-looking statements regarding the impact of COVID-19 on BGC's business are included, highlighting potential risks and uncertainties.
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Rhea-AI Sentiment
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-0.96%
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