Virtu to launch $525 million incremental term loan on Tuesday

By Sara Rosenberg

New York, Sept. 9 – Virtu Financial LLC (VFH Parent LLC) is set to hold a lender call at 12:30 p.m. ET on Tuesday to launch a fungible $525 million incremental senior secured first-lien term loan due March 1, 2026, according to a market source.

Jefferies LLC is the lead arranger on the deal.

Pricing on the incremental term loan is Libor plus 350 basis points, in line with existing term loan pricing, the source said.

Commitments are due at 2 p.m. ET on Sept. 17.

Proceeds will be used to redeem second-lien notes due 2022.

Virtu is a New York-based financial services firm that leverages cutting edge technology to deliver liquidity to the markets and innovative, transparent trading solutions.

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