Virtu Financial, a global market maker, broker and provider of global financial services technology, commenced marketing of a $1.8 billion senior secured first lien term loan due in 2029.
Virtu Financial will use the proceeds of the term loan to repay its 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 subsidiaries of Virtu Financial.
