Virtu to repay some term loan borrowings with asset sale proceeds

By Sara Rosenberg

New York, May 19 – Virtu Financial Inc. plans to repay a portion of its outstanding term loan using proceeds from the sale of MATCHNow, an alternative trading system, to Cboe Global Markets, according to a news release.

The transaction is expected to be completed in the third quarter, subject to customary conditions, including the satisfaction of applicable regulatory reviews and approvals.

Virtu is a New York-based provider of financial services and products.

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