Virtu Financial Completes Term Loan Repricing and Prepayment
September 19 2018 - 9:00AM
Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”), a leading
technology-enabled market maker and liquidity provider to the
global financial markets, today announced the completion of a
repricing transaction of its 1st Lien Secured Term Loan (the “Term
Loan”) along with a principal prepayment of $74 million.
Following the prepayment and the amendment, the total balance of
the Term Loan has been reduced to $400 million, which reflects
cumulative total prepayments of $750 million since the Company’s
acquisition of KCG Holdings, Inc. (the “Acquisition”) on July 20,
2017. The repriced Term Loan will bear interest at LIBOR + 275 bps,
reflecting a reduction of 50 bps compared to its prior rate.
About Virtu Financial, Inc.
Virtu is a leading financial firm that leverages
cutting edge technology to deliver liquidity to the global markets
and innovative, transparent trading solutions to our clients. As a
market maker, Virtu provides deep liquidity that helps to create
more efficient markets around the world. Our market structure
expertise, broad diversification, and execution technology enables
us to provide competitive bids and offers in over 25,000
securities, at over 235 venues, in 36 countries worldwide.
Cautionary Note Regarding
Forward-Looking Statements The foregoing information and
certain oral statements made from time to time by representatives
of the Company contain certain forward-looking statements that
reflect the company's current views with respect to certain current
and future events and financial performance, including with respect
to integration of KCG and synergy realization. These
forward-looking statements are and will be, as the case may be,
subject to many risks, uncertainties and factors relating to the
Company's operations and business environment which may cause the
company's actual results to be materially different from any future
results, expressed or implied, in these forward-looking statements.
Any forward-looking statements in this release are based upon
information available to the company on the date of this release.
The Company does not undertake to publicly update or revise its
forward-looking statements even if experience or future changes
make it clear that any statements expressed or implied therein will
not be realized. Additional information on risk factors that could
potentially affect the Company's financial results may be found in
the Company's filings with the Securities and Exchange
Commission.
CONTACT
Investor RelationsAndrew SmithVirtu Financial,
Inc.(212) 418-0195investor_relations@virtu.com
Media Relationsmedia@virtu.com
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