BGC Group, Inc. Enters Material Definitive Agreement
Ticker: BGC · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1094831
| Field | Detail |
|---|---|
| Company | Bgc Group, INC. (BGC) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.01, $500 million, $495.3 million, $255.5 million, $44.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
BGC Group just signed a big financial deal, check the 8-K.
AI Summary
On June 7, 2024, BGC Group, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as BGC Partners, Inc., filed this 8-K report to disclose this event. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a significant financial commitment or obligation for BGC Group, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and obligations that require careful monitoring.
Key Players & Entities
- BGC Group, Inc. (company) — Registrant
- BGC Partners, Inc. (company) — Former Company Name
- June 7, 2024 (date) — Date of earliest event reported
- 499 Park Avenue, New York, NY 10022 (address) — Principal executive offices
FAQ
What type of material definitive agreement did BGC Group, Inc. enter into?
The filing states that BGC Group, Inc. entered into a material definitive agreement related to a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on June 7, 2024.
What is the principal executive office address for BGC Group, Inc.?
The principal executive office address for BGC Group, Inc. is 499 Park Avenue, New York, NY 10022.
What was BGC Group, Inc. formerly known as?
BGC Group, Inc. was formerly known as BGC Partners, Inc.
What is the SIC code for BGC Group, Inc.?
The Standard Industrial Classification (SIC) code for BGC Group, Inc. is 6200, which falls under 'SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES'.
Filing Stats: 2,205 words · 9 min read · ~7 pages · Grade level 9.3 · Accepted 2024-06-10 16:30:34
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value BGC The Nasdaq Stock Mark
- $500 million — or the "Company") closed an offering of $500 million aggregate principal amount of its 6.600
- $495.3 million — ng of the 6.600% Notes of approximately $495.3 million after deducting the initial purchasers'
- $255.5 million — se, redeem and/or repay at maturity all $255.5 million outstanding aggregate principal amount
- $44.5 million — ts 3.750% Senior Notes due 2024 and all $44.5 million outstanding aggregate principal amount
- $100 million — acceleration to other debt in excess of $100 million and bankruptcy events, all subject to t
- $400 million — orrow from each other up to the maximum $400 million aggregate principal amount available un
Filing Documents
- d715293d8k.htm (8-K) — 41KB
- d715293dex41.htm (EX-4.1) — 414KB
- d715293dex42.htm (EX-4.2) — 153KB
- d715293dex101.htm (EX-10.1) — 100KB
- d715293dex102.htm (EX-10.2) — 13KB
- d715293dex103.htm (EX-10.3) — 7KB
- d715293dex104.htm (EX-10.4) — 10KB
- g715293g0608065513852.jpg (GRAPHIC) — 6KB
- 0001193125-24-158371.txt ( ) — 1038KB
- bgc-20240607.xsd (EX-101.SCH) — 3KB
- bgc-20240607_lab.xml (EX-101.LAB) — 17KB
- bgc-20240607_pre.xml (EX-101.PRE) — 11KB
- d715293d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The exhibit index set forth below is incorporated by reference in response to this Item 9.01. EXHIBIT INDEX Exhibit No. Description 4.1 Indenture, dated as of June 10, 2024, between BGC Group, Inc. and Wilmington Trust, National Association, as trustee 4.2 First Supplemental Indenture, dated as of June 10, 2024, between BGC Group, Inc. and Wilmington Trust, National Association, as trustee 4.3 Form of BGC Group, Inc. 6.600% Senior Notes due 2029 (included in Exhibit 4.2) 10.1 Registration Rights Agreement, dated as of June 10, 2024, between BGC Group, Inc. and the parties named therein 10.2 Third Amendment, dated as of June 7, 2024, by and between BGC Group, Inc. and Cantor Fitzgerald, L.P., to the Credit Agreement, by and between BGC Partners, Inc. and Cantor Fitzgerald, L.P., dated as of March 19, 2018, as amended as of August 16, 2018, assumed by BGC Group, Inc. as of October 6, 2023, and amended as of March 8, 2024 10.3 Fourth Amendment, dated as of June 7, 2024, to the Clearing Services Agreement, dated May 9, 2006, between Cantor Fitzgerald & Co. and BGC Financial, Inc. 10.4 Assignment, Assumption and Second Amendment, dated as of June 7, 2024, by and between BGC Group, Inc., BGC Partners, Inc., and Cantor Fitzgerald, L.P., to the Clearing Capital Agreement, dated November 5, 2008, between BGC Partners, Inc. and Cantor Fitzgerald, L.P. 104 The cover page from this Current Report on Form 8-K formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. BGC Group, Inc. Date: June 10, 2024 By: /S/ HOWARD W. LUTNICK Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer [Signature Page to Form 8-K, dated June 10, 2024, regarding entry into the Base Indenture, First Supplemental Indenture, and amended intercompany agreements.]