Virtu Financial has amended its existing credit agreement to issue $500 million in incremental senior secured first lien term B-2 loans. This transaction increases the total principal amount of the company's Term B-2 loans to approximately $2.03 billion. The proceeds from the new incremental loans will be used for general corporate purposes.
Key Details
- New Financing: The company issued $500 million of incremental senior secured first lien term B-2 loans, effective July 23, 2026.
- Total Loan Balance: This increases the aggregate principal amount of the company's Term B-2 Loans to $2,029.55 million.
- Maturity & Terms: The incremental loans share the same maturity date of June 21, 2031, as the existing Term B-2 loans and will amortize at approximately 1.0% annually.
- Interest Rate: The loans bear interest at a rate of Term SOFR plus 2.50% or an alternate base rate plus 1.50%.