---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-001619"
form_type: "8-K"
ticker: "VIRT"
cik: "0001592386"
company_name: "Virtu Financial, Inc."
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:19:43.245044+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000950142-24-001619
- form_type: 8-K
- ticker: VIRT
- cik: 0001592386
- company_name: Virtu Financial, Inc.
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1592386/000095014224001619/0000950142-24-001619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1592386/000095014224001619/eh240494285_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-001619
- JSON: https://secwatch.observer/filing/0000950142-24-001619.json
- Plain text: https://secwatch.observer/filing/0000950142-24-001619.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.