secwatch.observer — SEC 8-K summary
======================================

Issuer:     Virtu Financial, Inc. (VIRT)
CIK:        0001592386
Form:       8-K
Filed at:   2022-01-13T23:59:59+00:00
Accession:  0000950142-22-000327
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virtu Financial closes $1.8B senior secured term loan due 2029 to refinance and fund buybacks
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592386/000095014222000327/0000950142-22-000327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592386/000095014222000327/eh220216940_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-000327

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer