debt
confidence high
sentiment neutral
materiality 0.55
Virtu Financial closes $1.8B senior secured term loan due 2029 to refinance and fund buybacks
Virtu Financial, Inc.
- Virtu priced $1.8B senior secured term loan due 2029 at SOFR+300bps, issued at 99.75% of par.
- Proceeds used to repay existing term loan, fund share repurchases, and general corporate purposes.
- Existing March 2019 credit agreement terminated; new $250M revolver facility also established.
- Debt guaranteed by Virtu Financial LLC and certain subsidiaries.