debt
confidence high
sentiment neutral
materiality 0.55
Virtu Financial completes $500M note offering and $1.245B term loan refinancing
Virtu Financial, Inc.
- Issued $500M senior first lien notes due 2031 at 7.50% interest, semiannual payments.
- Entered $1.245B new term loans due 2031; revolving credit facility increased to $300M.
- Proceeds used to repay all existing term loans under prior credit agreement.
- Notes and term loans are senior secured first lien, with various redemption and covenant provisions.