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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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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- Virtu Financial (NASDAQ:VIRT) Has Affirmed Its Dividend Of $0.24 [Yahoo! Finance]Yahoo! Finance
- Virtu Financial, Inc. (NASDAQ: VIRT) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $19.20 to $21.70. They now have a "neutral" rating on the stock.MarketBeat
- Virtu Financial, Inc. (NASDAQ: VIRT) had its price target raised by analysts at Citigroup Inc. from $22.50 to $24.50. They now have a "buy" rating on the stock.MarketBeat
VIRT
Earnings
- 4/24/24 - Beat
VIRT
Sec Filings
- 4/29/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/26/24 - Form DEFA14A
- VIRT's page on the SEC website