Virtu Financial, Inc. Completes Incremental New Senior Secured First Lien Term Loan
Rhea-AI Summary
Virtu Financial (NYSE:VIRT), a global market maker and financial services technology provider, has successfully secured $300 million in incremental term loans. This addition increases the company's total term loan balance under its senior secured credit facility to $1,545 million.
The new and existing term loans will carry an interest rate of Term SOFR plus 250 basis points and will be issued at par. The loans are guaranteed by Virtu Financial LLC and certain subsidiaries, with proceeds intended for general corporate purposes.
Positive
- Secured additional $300 million in financing
- Maintained consistent interest rate terms with existing loans
- Loans issued at par value, indicating strong credit standing
Negative
- Increased total debt burden to $1,545 million
- Additional interest expenses will impact cash flow
News Market Reaction
On the day this news was published, VIRT gained 0.43%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NYSE: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries successfully priced and closed incremental term loans in the amount of
The Incremental Term Loan, along with the existing Term Loans, will bear interest at Term SOFR + 250 basis points, and will be issued at par.
The proceeds of the Incremental Term Loan may be used for general corporate purposes. The Term Loans are guaranteed by Virtu Financial LLC, a subsidiary of the Company, and certain of its subsidiaries.
About Virtu Financial, Inc.
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, as well as uncertainties relating to the Term Loans. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized.
CONTACT:
Investor Relations and Media Contact:
Andrew Smith
media@virtu.com
investor_relations@virtu.com
FAQ
What is the size of Virtu Financial's (VIRT) new term loan in September 2025?
What is the interest rate on Virtu Financial's new term loans?
How will Virtu Financial (VIRT) use the proceeds from the new term loan?
Who guarantees Virtu Financial's new term loans?
What is Virtu Financial's total term loan balance after the September 2025 increment?
