Virtus refinancing includes upsized $175 million five-year revolver

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Virtus Investment Partners, Inc.’s recently completed credit agreement refinancing included a new $175 million revolver in addition to the previously reported on $275 million term loan, according to a news release.

The revolver, like the term loan, bears interest at Libor plus 225 basis points.

The revolver replaces a $100 million revolver and matures in 2026. The term loan has a seven-year maturity.

For the revolver, Morgan Stanley was lead arranger and administrative agent, Barclays Bank and RBC Capital Markets were syndication agents, and Bank of New York Mellon was documentation agent.

Virtus is a Hartford, Conn.-based provider of investment management products and services.

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