GFI Group Announces Proposed Offering of Senior Notes

GFI Group Inc. GFIG announced today that, subject to market and other conditions, it intends to offer senior notes. The offering will be made by means of an offering memorandum to qualified institutional buyers pursuant to Rule 144A and to certain persons in offshore transactions pursuant to Regulation S, each under the Securities Act of 1933, as amended. The offering is expected to close the week of July 18, 2011, subject to customary closing conditions. GFI Group intends to use a portion of the net proceeds from the offering of the Notes to repay all outstanding amounts, including accrued and unpaid interest, under its existing credit agreement, to redeem all of its existing senior secured notes due January 30, 2013, including all accrued and unpaid interest thereunder, and to pay all premiums and transaction expenses associated therewith.