Notes Payable and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Notes Payable, and Other Borrowings

Notes payable and other borrowings consisted of the following (in thousands):


	December 31, 2024		December 31, 2023
Unsecured senior revolving credit agreement	$	195,831	$	239,180


BGC Group 3.750% Senior Notes due October 1, 2024	—		254,814
BGC Partners 3.750% Senior Notes due October 1, 2024	—		44,383
BGC Group 4.375% Senior Notes due December 15, 2025	287,462		286,729
BGC Partners 4.375% Senior Notes due December 15, 2025	11,824		11,800
BGC Group 8.000% Senior Notes due May 25, 2028	344,620		343,852
BGC Partners 8.000% Senior Notes due May 25, 2028	2,257		2,748
BGC Group 6.600% Senior Notes due June 10, 2029	495,546		—

Total Notes payable and other borrowings1, 2	$	1,337,540	$	1,183,506

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1The Company was in compliance with all debt covenants, as applicable, as of December 31, 2024 and December 31, 2023.

2Presented net of deferred financing costs, which are recorded in the Company’s Consolidated Statements of Financial Condition as a direct reduction of the Notes payable and other borrowings. As of December 31, 2024 and 2023, total deferred financing costs were $12.0 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):


	December 31, 2024				December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value


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
BGC Group 4.375% Senior Notes due December 15, 2025	287,462		285,556		286,729		276,569
BGC Partners 4.375% Senior Notes due December 15, 2025	11,824		11,740		11,800		11,371
BGC Group 8.000% Senior Notes due May 25, 2028	344,620		369,065		343,852		363,274
BGC Partners 8.000% Senior Notes due May 25, 2028	2,257		2,416		2,748		2,901
BGC Group 6.600% Senior Notes due June 10, 2029	495,546		513,366		—		—
Total	$	1,141,709	$	1,182,143	$	944,326	$	947,301