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Virtu redeems $500 million 6¾% second-lien notes with loan proceeds
By Sarah Lizee
Olympia, Wash., Nov. 7 – Virtu Financial, Inc. redeemed all $500 million of its 6¾% senior secured second-lien notes due 2022 using proceeds from its $525 million incremental term loan, according to an 8-K filing with the Securities and Exchange Commission.
The redemption was made on Oct. 9, which was when the term loan closed.
Virtu is a New York-based financial services firm that leverages cutting edge technology to deliver liquidity to the markets and innovative, transparent trading solutions.
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