S&P affirms VFH Parent (Virtu)

S&P said it affirmed its B+ issuer credit and senior secured debt ratings and B- senior secured second-lien debt ratings on VFH Parent LLC (Virtu), an affiliate of Virtu Financial Inc. The outlook remains stable.

The rating actions follow Virtu's announcement that it is acquiring Investment Technology Group Inc. (ITG) for approximately $1 billion. To fund the acquisition and related fees, Virtu plans to issue a $1.5 billion senior secured term loan, which will also refinance its existing $400 million term loan.

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