Virtu Financial tightens issue price on $1.93 billion term loan

By Sara Rosenberg

New York, Feb. 10 – Virtu Financial LLC (VFH Parent LLC) revised the issue price on its $1.925 billion first-lien term loan (Ba3/B+/BB-) due March 2026 to 99.875 for new lenders and to par with a 12.5 bps consent fee for existing lenders, from 99.75, according to a market source.

Pricing on the term loan remained at Libor plus 300 basis points with no step-down and a 0% Libor floor.

The term loan has 101 soft call protection for six months.

Jefferies LLC is the bookrunner on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 350 bps with a 25 bps leverage-based step-down.

Virtu is a New York-based financial services firm that leverages technology to deliver liquidity to the global markets and trading solutions to their clients.

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