Notes Payable, Other and Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Summary Notes Payable, Other and Short-term Borrowings

Notes payable, other and short-term borrowings consisted of the following (in thousands):


	December 31, 2023		December 31, 2022
Unsecured senior revolving credit agreement	$	239,180	$	—

BGC Partners 5.375% Senior Notes due July 24, 2023	—		449,243
BGC Group 3.750% Senior Notes due October 1, 2024	254,814		—
BGC Partners 3.750% Senior Notes due October 1, 2024	44,383		298,558
BGC Group 4.375% Senior Notes due December 15, 2025	286,729		—
BGC Partners 4.375% Senior Notes due December 15, 2025	11,800		298,165
BGC Group 8.000% Senior Notes due May 25, 2028	343,852		—
BGC Partners 8.000% Senior Notes due May 25, 2028	2,748		—
Collateralized borrowings	—		3,251
Total Notes payable and other borrowings1	1,183,506		1,049,217
Short-term borrowings	—		1,917
Total Notes payable, other and short-term borrowings	$	1,183,506	$	1,051,134

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1The Company was in compliance with all debt covenants, as applicable, as of December 31, 2023.

Carrying Amounts and Estimated Fair Values of Company's Senior Notes

The BGC Group Notes and BGC Partners Notes are recorded at amortized cost. The carrying amounts and estimated fair values of the BGC Group Notes and BGC Partners Notes were as follows (in thousands):


	December 31, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value

BGC Partners 5.375% Senior Notes due July 24, 2023	$	—	$	—	$	449,243	$	449,007
BGC Group 3.750% Senior Notes due October 1, 2024	254,814		249,722		—		—
BGC Partners 3.750% Senior Notes due October 1, 2024	44,383		43,464		298,558		286,894
BGC Group 4.375% Senior Notes due December 15, 2025	286,729		276,569		—		—
BGC Partners 4.375% Senior Notes due December 15, 2025	11,800		11,371		298,165		281,114
BGC Group 8.000% Senior Notes due May 25, 2028	343,852		363,274		—		—
BGC Partners 8.000% Senior Notes due May 25, 2028	2,748		2,901		—		—
Total	$	944,326	$	947,301	$	1,045,966	$	1,017,015