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

Issuer:     Virtu Financial, Inc. (VIRT)
CIK:        0001592386
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000950142-25-000440
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Virtu reprices $1.245B term loans via Amendment No. 2, establishes new B-2 tranche due 2031
--------------------------------------------------------------------------------

- New $1,245M senior secured first lien term B-2 loans replace existing B-1 loans on February 19, 2025.
- Interest rate options: term SOFR + 2.50% or prime rate + 1.50%, at Virtu's election.
- New Term Loans mature June 21, 2031, with annual amortization of 1% of original principal.
- Proceeds from New Term Loans used to fully repay the outstanding Existing Term Loans.
- Amendment also modifies certain covenants and terms in the existing Credit Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592386/000095014225000440/0000950142-25-000440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592386/000095014225000440/eh250592910_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-000440

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