Virtu Financial, Inc. (VIRT): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Virtu Financial, Inc. incurred term loan of $300 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at term SOFR for the interest period in effect and (y) 0%, plus, in each case, 2.50 maturing June 21, 2031.

Instrument: term loan
Principal: $300 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Rate: term SOFR for the interest period in effect and (y) 0%, plus, in each case, 2.50
Maturity: June 21, 2031
Event: incurrence

Exact text from the filing

agent and collateral agent. Amendment No. 3 amends the Existing Credit Agreement to effect the issuance of incremental senior secured first lien term B-2 loans in the amount of $300 million (the “Incremental Term B-2 Loans”), the proceeds of which will be used for general corporate purposes, for a total term B-2 loan balance of $1,545 million (collectively, the

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Virtu Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001592386-25-000139

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