BGC Group, Inc. Files 8-K for Material Definitive Agreement

TL;DR

BGC Group just signed a big deal, check the 8-K.

AI Summary

On December 6, 2024, BGC Group, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, previously 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 financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• BGC Group, Inc. (company) — Registrant
• BGC Partners, Inc. (company) — Former company name
• December 6, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — hich registered Class A Common Stock, $0.01 par value BGC The NASDAQ Stock Mark
• $700,000,000 — ggregate Revolving Commitments equal to $700,000,000 (the "Revolving Credit Facility"). The

Filing Documents

• ea0223971-8k_bgcgroup.htm (8-K) — 30KB
• ea022397101ex10-1_bgcgroup.htm (EX-10.1) — 151KB
• 0001213900-24-106514.txt ( ) — 363KB
• bgc-20241206.xsd (EX-101.SCH) — 3KB
• bgc-20241206_lab.xml (EX-101.LAB) — 33KB
• bgc-20241206_pre.xml (EX-101.PRE) — 22KB
• ea0223971-8k_bgcgroup_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. The information set forth in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.

01. Other Events

Item 8.01. Other Events. On December 6, 2024, BGC Group, Inc. ("BGC" or the "Company") entered into the First Amendment ("First Amendment"), which amends that certain Second Amended and Restated Credit Agreement dated as of April 26, 2024 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the "Existing Credit Agreement"), by and among the Company, the several financial institutions from time to time party thereto, as Lenders, and Bank of America, N.A., as Administrative Agent, pursuant to which the Lenders provided the Company with an increase to the Aggregate Revolving Commitments, resulting in total Aggregate Revolving Commitments equal to $700,000,000 (the "Revolving Credit Facility"). The Existing Agreement as amended by the First Amendment shall be referred to as the "Credit Agreement". Terms used herein without definition have the meanings provided in the Credit Agreement. The borrowing rates and financial covenants under the Existing Credit Agreement have not been changed by the First Amendment. The Company expects to use funds borrowed under the Credit Agreement for general corporate purposes. The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the actual terms of the First Amendment, a copy of which is attached hereto as Exhibit 10.1, and is incorporated herein by reference. Discussion of Forward-Looking Statements about BGC are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about BGC's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The exhibit index set forth below is incorporated by reference in response to this Item 9.01. 1 EXHIBIT INDEX Exhibit Number Description 10.1. First Amendment to Second Amended and Restated Credit Agreement, dated as of December 6, 2024, by and among BGC Group, Inc., as the Borrower, the several financial institutions from time to time as parties thereto, as Lenders, and Bank of America, N.A., as Administrative Agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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: December 6, 2024 By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman of the Board and Chief Executive Officer [Signature Page to Form 8-K, dated December 6, 2024, regarding BGC Group, Inc.'s First Amendment to Second A&R Credit Agreement] 3

View Full Filing

View this 8-K filing on SEC EDGAR