---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-000723"
form_type: "8-K"
ticker: "VIRT"
cik: "0001592386"
company_name: "Virtu Financial, Inc."
filed_at: "2022-01-04T23:59:59+00:00"
generated_at: "2026-06-27T20:59:26.651595+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virtu Financial announces $1.8B term loan due 2029 to refinance debt, fund buybacks

## Summary
- Virtu commenced marketing a $1.8B senior secured first lien term loan due 2029, replacing existing $1.6B loan due 2026.
- Proceeds will refinance existing term loan, fund share repurchases, and for general corporate purposes.
- New $250M revolving credit facility due 2025 committed, replacing existing $50M revolver.
- LTM adjusted EBITDA of $1.317B as of Sep 30, 2021; pro forma total leverage 1.4x, net leverage 0.9x.
- Commitments due from lenders by January 11, 2022 at 5pm NYT.

## SEC filing metadata
- accession: 0001104659-22-000723
- form_type: 8-K
- ticker: VIRT
- cik: 0001592386
- company_name: Virtu Financial, Inc.
- filed_at: 2022-01-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1592386/000110465922000723/0001104659-22-000723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1592386/000110465922000723/tm221381d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-000723
- JSON: https://secwatch.observer/filing/0001104659-22-000723.json
- Plain text: https://secwatch.observer/filing/0001104659-22-000723.txt

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