Virtu Financial 8-K
Debt financing
Closed $500M of first-lien term B-2 loans for general corporate purposes, lifting the term B-2 balance to $2.03B.
Filed 2026-07-23 16:10 ET
- 1.01 Entry into a Material Agreement
- 2.03 Creation of a Financial Obligation
- 9.01 Financial Statements and Exhibits
Summary
Incremental term-loan financing. Virtu closed $500M of senior secured first-lien term B-2 loans for general corporate purposes, bringing the total term B-2 loan balance to $2.03B.
Key Figures
- The loans were issued at par and mature 6/21/2031. They bear interest, at the borrower’s election, at either Term SOFR (subject to a 0% floor) + 2.50%, or the specified alternate base rate + 1.50%.
- The new loans amortize in annual installments of approximately 1% of their original principal, pro rata with the other term B-2 loans, and are also subject to contingent payments based on excess cash flow and certain other triggers. Virtu Financial LLC and certain subsidiaries guarantee the loans.
The summary is written by an AI model reading the filing.
Model 005 · prompt v189 · 2026-11-06 15:43:43Z