Virtu prices $500M notes at 7.50% and new $1.245B term loan, expects $2M annual interest savings

Virtu Financial, Inc.

$500M of 7.50% senior first lien notes due 2031 priced on June 11, 2024.
New $1.245B term loan at SOFR+2.75% (down from prior +3.00%) and $300M revolver allocated June 13.
Proceeds used to repay existing term loan due 2029; no material increase in total debt.
Cash interest expense savings of approximately $2 million per annum expected.
Transactions expected to close on or about June 21, 2024, subject to customary conditions.

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