debt
confidence high
sentiment neutral
materiality 0.50
Virtu Financial closes $300M incremental term loan, total term debt now $1.545B
Virtu Financial, Inc.
- Incremental Term B-2 Loans of $300M issued at par, bringing total Term B-2 balance to $1.545B.
- Loans bear interest at Term SOFR + 250 bps; maturity June 21, 2031.
- Proceeds will be used for general corporate purposes.
- Loans are senior secured first lien obligations guaranteed by Virtu Financial LLC and certain subs.
item 1.01item 2.03item 9.01