Virtu Financial announced the closing of $300 million in incremental term loans, raising total loans to $1.545 billion for general corporate purposes.
Quiver AI Summary
Virtu Financial, Inc. announced the successful pricing and closing of $300 million in incremental term loans, increasing its total term loan balance to $1.545 billion. These loans will accrue interest at Term SOFR plus 250 basis points and are guaranteed by its subsidiary, Virtu Financial LLC, and other subsidiaries. The proceeds from this financing will be utilized for general corporate purposes. Virtu Financial is a prominent market maker and financial services provider that employs advanced technology to offer liquidity and trading solutions across various asset classes globally. The company emphasizes its capabilities in execution, analytics, and risk management, serving clients in over 50 countries. The announcement also includes a cautionary note about forward-looking statements related to the company's operations and the loans.
Potential Positives
- Virtu Financial successfully priced and closed incremental term loans of $300 million, increasing their total term loan balance to $1,545 million, indicating strong financial backing and capital availability.
- The Incremental Term Loans may be used for general corporate purposes, providing flexibility for the company to invest in growth opportunities or strengthen its operations.
- The loans are guaranteed by significant subsidiaries, enhancing the security and credibility of the financing arrangement.
Potential Negatives
- The company's increase in term loans by $300 million may indicate a reliance on debt financing, raising concerns about its leverage and financial health.
- The cautionary note regarding forward-looking statements suggests potential volatility or risks in operations that could affect future performance.
- The lack of specific details on how the proceeds from the Incremental Term Loans will be utilized may cause uncertainty among investors about the company's strategic direction.
FAQ
What are the details of Virtu Financial's recent term loan announcement?
Virtu Financial announced the pricing and closing of $300 million in Incremental Term Loans, raising the total to $1,545 million.
How will Virtu Financial use the proceeds from the Incremental Term Loan?
The proceeds may be used for general corporate purposes as outlined by the company.
What interest rate is associated with Virtu's Incremental Term Loans?
The Incremental Term Loans will bear interest at Term SOFR + 250 basis points, issued at par.
Who guarantees the Term Loans for Virtu Financial?
The Term Loans are guaranteed by Virtu Financial LLC and certain subsidiaries of the Company.
What services does Virtu Financial provide to its clients?
Virtu offers liquidity, execution, analytics, and technology solutions across various asset classes and global markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VIRT Insider Trading Activity
$VIRT insiders have traded $VIRT stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $VIRT stock by insiders over the last 6 months:
- DOUGLAS A CIFU (Chief Executive Officer) has made 0 purchases and 4 sales selling 355,881 shares for an estimated $13,781,625.
- BRETT FAIRCLOUGH (Co-President & Co-COO) sold 90,701 shares for an estimated $3,846,048
- JOHN NIXON sold 6,965 shares for an estimated $298,241
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VIRT Hedge Fund Activity
We have seen 229 institutional investors add shares of $VIRT stock to their portfolio, and 220 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANE STREET GROUP, LLC added 651,781 shares (+inf%) to their portfolio in Q2 2025, for an estimated $29,193,270
- FMR LLC removed 512,427 shares (-10.1%) from their portfolio in Q2 2025, for an estimated $22,951,605
- NORTHERN TRUST CORP removed 503,698 shares (-35.8%) from their portfolio in Q2 2025, for an estimated $22,560,633
- FIL LTD removed 417,447 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $18,697,451
- LOS ANGELES CAPITAL MANAGEMENT LLC removed 398,526 shares (-50.0%) from their portfolio in Q2 2025, for an estimated $17,849,979
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 388,070 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $14,793,228
- TUDOR INVESTMENT CORP ET AL added 354,534 shares (+133.1%) to their portfolio in Q2 2025, for an estimated $15,879,577
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VIRT Analyst Ratings
Wall Street analysts have issued reports on $VIRT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 07/15/2025
- Morgan Stanley issued a "Underweight" rating on 07/15/2025
To track analyst ratings and price targets for $VIRT, check out Quiver Quantitative's $VIRT forecast page.
$VIRT Price Targets
Multiple analysts have issued price targets for $VIRT recently. We have seen 6 analysts offer price targets for $VIRT in the last 6 months, with a median target of $42.5.
Here are some recent targets:
- Alex Kramm from UBS set a target price of $45.0 on 08/04/2025
- Michael Cyprys from Morgan Stanley set a target price of $35.0 on 07/15/2025
- Patrick Moley from Piper Sandler set a target price of $48.0 on 07/15/2025
- Craig Siegenthaler from B of A Securities set a target price of $43.0 on 05/15/2025
- Kenneth Worthington from JP Morgan set a target price of $39.0 on 04/24/2025
- Kaimon Chung from Evercore ISI Group set a target price of $42.0 on 04/24/2025
Full Release
NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NYSE: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries successfully priced and closed incremental term loans in the amount of $300 million (the “Incremental Term Loans”), increasing the total term loan balance under its senior secured credit facility to $1,545 million (the “Term Loans”).
The Incremental Term Loan, along with the existing Term Loans, will bear interest at Term SOFR + 250 basis points, and will be issued at par.
The proceeds of the Incremental Term Loan may be used for general corporate purposes. The Term Loans are guaranteed by Virtu Financial LLC, a subsidiary of the Company, and certain of its subsidiaries.
About Virtu Financial, Inc.
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, as well as uncertainties relating to the Term Loans. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized.
CONTACT:
Investor Relations and Media Contact:
Andrew Smith
[email protected]
[email protected]
