VIRTU FINANCIAL,INC. (NASDAQ:VIRT) Files An 8-K Other Events
ITEM 8.01 OTHER EVENTS
On May22, 2017, Virtu Financial, Inc. (the Company) announced
that certain of its subsidiaries commenced marketing of an $825.0
million senior secured first lien term loan (the Term Loan).
On May23, 2017, the Company announced that certain of its
subsidiaries intend to offer $825.0 million (the Offering)
aggregate principal amount of senior secured second lien notes
due 2022 (the Notes).
The Term Loan and the Notes will be issued to finance, in part,
the Companys pending acquisition of KCG Holdings, Inc. (NYSE:
KCG) (the Acquisition) and certain previously disclosed related
refinancing transactions.
The Notes have been offered in a private offering that is exempt
from registration under the Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent such
registration or an exemption from the registration requirements
of the Securities Act. This Report does not constitute an offer
to sell or the solicitation of an offer to buy any security and
shall not constitute an offer, solicitation or sale of any
security in any jurisdiction in which such offering, solicitation
or sale would be unlawful. This Report contains information about
pending transactions, and there can be no assurance that these
transactions will be completed.
Cautionary Note Regarding Forward-Looking
Statements
This report contains forward-looking statements. These
forward-looking statements are subject to numerous uncertainties
and factors relating to the Companys 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 Companys financial
results may be found in the Companys filings with the Securities
and Exchange Commission.
Item9.01 Financial Statements and
Exhibits
(d) Exhibits
|
ExhibitNo. |
|
Description |
|
99.1 |
Press Release, dated May22, 2017. |
|
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99.2 |
Press Release, dated May23, 2017. |
About VIRTU FINANCIAL, INC. (NASDAQ:VIRT)
Virtu Financial, Inc. is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions. It has a single, multi-asset, multi-currency technology platform, through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools in various countries around the world. It makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities. It makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors. VIRTU FINANCIAL, INC. (NASDAQ:VIRT) Recent Trading Information
VIRTU FINANCIAL, INC. (NASDAQ:VIRT) closed its last trading session up +0.15 at 16.10 with 424,810 shares trading hands.