Virtu Financial, Inc. announced that its subsidiaries successfully completed and priced its new $1.80 billion senior secured first lien term loan due in 2029. The Term Loan was priced at SOFR (with a floor of 50 basis points) + a credit spread adjustment + 300 basis points, and issued at 99.75% of par, each of which is at or better than the tight end of the marketed range. As previously disclosed, the proceeds of the Term Loan will be used to repay the Company's existing senior secured term loan in connection with a refinancing of its existing credit facilities, to fund share repurchases under the Company's authorized repurchase program and for general corporate purposes.

The Term Loan will be guaranteed by Virtu Financial LLC, a subsidiary of the Company, and certain of its subsidiaries.