Entering text into the input field will update the search result below

Virtu Financial completes term loan repricing and prepayment

Sep. 19, 2018 10:33 AM ETVirtu Financial, Inc. (VIRT) StockBy: Gaurav Batavia, SA News Editor
  • Virtu Financial (NASDAQ:VIRT) announced the completion of a repricing transaction of its 1st lien secured term loan along with a principal prepayment of $74M.
  • Following the prepayment and the amendment, the total balance of the loan has been reduced to $400M, which reflects cumulative total prepayments of $750M since the acquisition of KCG Holdings 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.
  • Press Release

Recommended For You

More Trending News

About VIRT Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
VIRT--
Virtu Financial, Inc.