Virtus closes $275M term loan and $175M revolver, lowers borrowing costs

VIRTUS INVESTMENT PARTNERS, INC.

New $275M term loan matures in 2028 at LIBOR+225bps, no floor (prior had 75bps floor).
New $175M revolving credit facility matures in 2026, replacing $100M facility.
Proceeds used to repay existing $194M term loan and for general corporate purposes.
CFO states refinancing lowers cost of capital, extends debt maturity profile.

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