Virtu Financial, Inc. Completes Term Loan Re Pricing and Prepayment
January 08, 2018 at 01:00 pm
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Virtu Financial, Inc. announced the completion of a repricing transaction of its 1st Lien Senior Secured Term Loan along with a principal prepayment of $276 from the proceeds of its previously announced sale of BondPoint to Intercontinental Exchange. Following the prepayment and the amendment, the total balance of the company’s senior secured term loan will be reduced to $624 million, which reflects cumulative total prepayments of $526 million since the Company’s acquisition of KCG Holdings, Inc. on July 20, 2017. The repriced term loan will bear interest at LIBOR + 325 bps, reflecting a reduction of 50 bps compared to its prior rate.
Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.
VIRTU FINANCIAL, INC. 
