Virtu Financial lifts add-on first-lien term loan to $150 million

By Sara Rosenberg

New York, April 25 - Virtu Financial (VFH Parent LLC) upsized its add-on first-lien term loan due July 2016 to $150 million from $100 million, according to a market source.

Pricing on the add-on loan is Libor plus 450 basis points with a 1.25% Libor floor and an original issue discount of 993/4.

Included in the add-on loan is 101 soft call protection through February 2014.

Commitments are due at 5 p.m. ET on Friday, the source added.

Credit Suisse Securities (USA) LLC and Barclays are the lead banks on the deal.

Proceeds will be used to fund a dividend to shareholders.

Virtu is a New York-based electronic market maker and financial technology developer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.