Virtu reprices $1.925B term loan, enters floating-to-fixed rate swap [Seeking Alpha]
Virtu Financial, Inc. - Class A (VIRT)
Last virtu financial, inc. - class a earnings: 2/11 06:00 am
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US:NASDAQ Investor Relations:
ir.virtu.com/investor-relations/default.aspx
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Source: Seeking Alpha
Financials Virtu reprices $1.925B term loan, enters floating-to-fixed rate swap Feb. 10, 2020 5:53 PM ET | Virtu Financial, Inc. (VIRT) Liz Kiesche Virtu Financial (NASDAQ: The loan matures in March 26. Enters into a five-year $1.0B floating-to-fixed interest rate swap agreement that will effectively fix its interest rate payment obligations on the incremental term loan financing at 4.40% through February 2025. That's in addition to a five-year $525M floating-to-fixed interest rate swap entered into in Q4 2019. As a result of these transactions, Virtu will save ~$26.1M in interest expense annually, or ~23% of interest costs on term debt. Riley prices upsized $115M offering of notes »
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News
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VIRT
Earnings
- 10/24/24 - Beat
VIRT
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 10/28/24 - Form 10-Q
- VIRT's page on the SEC website