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Notes Payable and Other Borrowings (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Notes Payable, Other and Short-term Borrowings
Notes payable and other borrowings consisted of the following (in thousands):
September 30, 2024December 31, 2023
Unsecured senior revolving credit agreement$— $239,180 
BGC Group 3.750% Senior Notes due October 1, 2024
255,526 254,814 
BGC Partners 3.750% Senior Notes due October 1, 2024
44,474 44,383 
BGC Group 4.375% Senior Notes due December 15, 2025
287,279 286,729 
BGC Partners 4.375% Senior Notes due December 15, 2025
11,818 11,800 
BGC Group 8.000% Senior Notes due May 25, 2028
344,427 343,852 
BGC Partners 8.000% Senior Notes due May 25, 2028
2,256 2,748 
BGC Group 6.600% Senior Notes due June 10, 2029
494,926 — 
Total Notes payable and other borrowings1, 2
$1,440,706 $1,183,506 
__________________________
1The Company was in compliance with all debt covenants, as applicable, as of both September 30, 2024 and December 31, 2023.
2Presented net of deferred financing costs, which are recorded in the Company’s unaudited Condensed Consolidated Statements of Financial Condition as a direct reduction of the Notes payable and other borrowings. As of September 30, 2024 and December 31, 2023, total deferred financing costs were $8.4 million and $6.5 million, respectively.
Schedule of 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):
September 30, 2024December 31, 2023
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
BGC Group 3.750% Senior Notes due October 1, 2024
$255,526 $255,424 $254,814 $249,722 
BGC Partners 3.750% Senior Notes due October 1, 2024
44,474 44,456 44,383 43,464 
BGC Group 4.375% Senior Notes due December 15, 2025
287,279 285,390 286,729 276,569 
BGC Partners 4.375% Senior Notes due December 15, 2025
11,818 11,733 11,800 11,371 
BGC Group 8.000% Senior Notes due May 25, 2028
344,427 374,450 343,852 363,274 
BGC Partners 8.000% Senior Notes due May 25, 2028
2,256 2,451 2,7482,901
BGC Group 6.600% Senior Notes due June 10, 2029
494,926 517,700 — — 
Total$1,440,706 $1,491,604 $944,326 $947,301