Virtu accelerates deadline; SRS, Addison Group, Power Stop, RV Retailer release talk

By Sara Rosenberg

New York, Jan. 6 – In the primary market on Thursday, Virtu Financial Inc. (VHF Parent LLC) moved up the commitment deadline for its first-lien term loan, and SRS Distribution Inc., Addison Group, Power Stop LLC and RV Retailer announced price talk with launch.

Virtu Financial accelerated the commitment deadline for its $1.8 billion seven-year senior secured covenant-lite first-lien term loan to 1 p.m. ET on Friday from 5 p.m. ET on Tuesday, a market source remarked.

Talk on the term loan is SOFR+CSA plus 300 basis points to 325 bps with a 0.5% floor, an original issue discount of 99.5 and 101 soft call protection for six months.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, the source said.

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