(RTTNews) - BGC Group, Inc. (BGC) Wednesday announced an offer to exchange up to $700 million of its outstanding 6.15% senior notes due 2030 for an equivalent amount of its 6.15% senior notes due 2030.
The company noted that the exchange offer is being made to satisfy its obligations under a registration rights agreement entered into in connection with the issuance of $700 million of notes in April this year, and does not represent a new financing transaction.
The exchange offer will expire on September 25.
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