BGC greenshoe exercised, lifts 8.125% senior notes to $112.5 million

By Marisa Wong

Madison, Wis., June 28 - The underwriters of BGC Partners, Inc.'s recent offering of 8.125% senior notes due 2042 exercised their over-allotment option to purchase an additional $12.5 million of notes, according to an 8-K filing with the Securities and Exchange Commission.

This brings the total deal size to $112.5 million. BGC priced $100 million of the 8.125% $25-par notes on June 21 with a $15 million greenshoe. The initial notes settled on June 26.

The additional notes were issued on Thursday, according to the filing.

Wells Fargo Securities, LLC was the lead underwriter.

BGC is a New York-based brokerage company primarily servicing the wholesale financial and property markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.