Virtu to redeem second-lien notes via incremental term loan proceeds

By Sarah Lizee

Olympia, Wash., Sept. 9 – Virtu Financial, Inc. said it plans to redeem the senior secured second-lien notes due 2022 of VFH Parent LLC and Orchestra Co-Issuer, Inc.

The notes will be redeemed on Oct. 9 at 103.375 plus accrued interest to the redemption date using new loan proceeds and cash on hand, according to a press release.

The company began marketing a $525 million incremental senior secured first-lien term loan due 2026.

The redemption is subject to receiving sufficient funds from the debt financing.

Virtu is a New York-based technology-enabled market maker and liquidity provider to the financial markets.

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