Virtu Financial repays $188 million of term loan borrowings

By Sara Rosenberg

New York, May 18 – Virtu Financial Inc. prepaid about $188 million in principal toward its senior secured first-lien term loan, according to a news release.

The paydown was funded with excess cash generated from strong results in the first quarter and will save $7.3 million in annual interest expense.

With this repayment, the outstanding principal amount for the term loan was $1.769 billion as of May 15.

Virtu is a New York-based provider of financial services and products.

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