secwatch.observer — SEC 8-K summary
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Issuer:     Virtu Financial, Inc. (VIRT)
CIK:        0001592386
Form:       8-K
Filed at:   2025-09-23T23:59:59+00:00
Accession:  0001592386-25-000139
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virtu Financial closes $300M incremental term loan, total term debt now $1.545B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592386/000159238625000139/0001592386-25-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592386/000159238625000139/virt-20250923.htm
  HTML page:      https://secwatch.observer/filing/0001592386-25-000139

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