VIRTU FINANCIAL,INC. (NASDAQ:VIRT) Files An 8-K Other EventsItem 8.01. Other Events.
On June30, 2017, certain subsidiaries of Virtu Financial,Inc. (the “Company”) closed the previously announced $1.15 billion first lien term loan (the “New Term Loan”). The New Term Loan is being issued to finance, in part, the Company’s pending acquisition (the “Acquisition”) of KCG Holdings,Inc. (NYSE: KCG) (“KCG”) and to repay certain indebtedness of the Company and KCG.
The loans under the New Term Loan were issued in two tranches. The proceeds of the first tranche were issued to repay the outstanding principal amount, accrued and unpaid interest and other amounts outstanding under the Company’s existing credit facilities on the closing date of the New Term Loan; the proceeds of the second tranche were deposited into escrow pending closing of the Acquisition.
Forward-Looking Statements
This report 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 Acquisition. Any forward-looking statements in this report are based upon information available to the Company on the date of this report. 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. Additional information on risk factors that could potentially affect the Company’s financial results may be found in the Company’s filings with the Securities and Exchange Commission.