Virtu Financial adds $300 million in incremental term B-2 loans, total $1,545 million
Virtu Financial's subsidiaries entered into Amendment No. 3 to their credit agreement on September 23, 2025, issuing $300 million of incremental senior secured first lien term B-2 loans. The total term B-2 loan balance is now $1,545 million, maturing June 21, 2031, and the proceeds will fund general corporate purposes. The added debt increases the company's borrowings, which shareholders may track against its cash flow and interest costs.
Key points
- $300 million of incremental term B-2 loans issued at par on September 23, 2025
- Total term B-2 loan balance rises to $1,545 million, maturing June 21, 2031
- Loans amortize in annual installments of 1.0% of the balance, with contingent payments tied to excess cash flow
- Interest is set at either a base rate plus 1.50% or term SOFR plus 2.50%, at the company's election
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.