Notes Payable and Other Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Notes Payable, Other and Short-term Borrowings

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


	March 31, 2026		December 31, 2025
Unsecured senior revolving credit agreement	$	238,088	$	237,686




BGC Group 8.000% Senior Notes due May 25, 2028	345,579		345,387
BGC Partners 8.000% Senior Notes due May 25, 2028	2,263		2,262
BGC Group 6.600% Senior Notes due June 10, 2029	496,798		496,548
BGC Group 6.150% Senior Notes due April 2, 2030	694,185		693,822



Total Notes payable and other borrowings1, 2	$	1,776,913	$	1,775,705

__________________________

1The Company was in compliance with all debt covenants, as applicable, as of both March 31, 2026 and December 31, 2025.

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 March 31, 2026 and December 31, 2025, total deferred financing costs were $12.6 million and $13.8 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):


	March 31, 2026				December 31, 2025
	Carrying Amount		Fair Value		Carrying Amount		Fair Value


BGC Group 8.000% Senior Notes due May 25, 2028	$	345,579	$	365,641	$	345,387	$	371,490
BGC Partners 8.000% Senior Notes due May 25, 2028	2,263		2,393		2,262		2,432
BGC Group 6.600% Senior Notes due June 10, 2029	496,798		515,521		496,548		522,825
BGC Group 6.150% Senior Notes due April 2, 2030	694,185		710,710		693,822		726,721
Total	$	1,538,825	$	1,594,265	$	1,538,019	$	1,623,468