{"schema_version":"secwatch.filing_event.v1","accession":"0001592386-25-000139","form_type":"8-K","ticker":"VIRT","cik":"0001592386","company_name":"Virtu Financial, Inc.","filed_at":"2025-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.451558+00:00","generated_at":"2026-05-17T05:52:51.244460+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Virtu Financial closes $300M incremental term loan, total term debt now $1.545B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001592386-25-000139","json":"https://secwatch.observer/filing/0001592386-25-000139.json","markdown":"https://secwatch.observer/filing/0001592386-25-000139.md","text":"https://secwatch.observer/filing/0001592386-25-000139.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1592386/000159238625000139/0001592386-25-000139-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1592386/000159238625000139/virt-20250923.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:52:51.244460+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"af924af6904a1752b8f9b2f4696f5166bd266e9a","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1592386/000159238625000139/0001592386-25-000139-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"term SOFR for the interest period in effect and (y) 0%, plus, in each case, 2.50"},{"label":"Maturity","value":"June 21, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}