Virtu Financial Inc. said its units began to market a $525.0 million senior secured first lien term loan due 2026, with proceeds to be used to redeem notes due 2022.
The company delivered a notice of redemption to holders of senior secured second lien notes due 2022. Virtu will redeem all of the notes Oct. 9 at a price equal to 103.375% of principal plus accrued and unpaid interest to the redemption date.
The redemption notice is subject to a number of conditions, including Virtu consummating a debt financing transaction of at least $525.0 million.
