#Second notes update

Additional information on risk factors that could potentially affect the Company’s financial results may be found in the Company’s filings with the Securities and Exchange Commission.

#Second notes update

The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. These forward-looking statements are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, as well as uncertainties relating to the Term Loan.

This press release contains forward-looking statements. The Term Loan will be a senior secured first lien term loan incurred as an incremental term facility under our existing credit agreement and will be guaranteed by Virtu Financial LLC, a Delaware limited liability company, subsidiary of the Company, and certain of its subsidiaries.Ĭautionary Note Regarding Forward-Looking Statements The redemption price will be 103.375% of the principal amount of the Existing Notes and accrued and unpaid interest to the redemption date. The Issuers also delivered a Conditional Notice of Redemption to holders of their outstanding Existing Notes, which provides for the redemption (the “Redemption”) by the Issuers of all outstanding Existing Notes on October 9, 2019, subject to, among other things, the Issuers or their affiliates consummating a debt financing transaction in an amount of at least $525.0 million (the “Debt Financing”) and the Issuers having received funds in connection with the Debt Financing, together with cash on hand, sufficient to repurchase the Existing Notes. The proceeds of the Term Loan will be used to redeem the senior secured second lien notes due 2022 (the “Existing Notes”) of VFH Parent LLC and Orchestra Co-Issuer, Inc. (NASDAQ: VIRT) (the “Company”) a leading provider of financial services and products that leverages cutting edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced that its subsidiaries commenced marketing of a $525.0 million senior secured first lien term loan (the “Term Loan”) due in 2026.

09, 2019 (GLOBE NEWSWIRE) - Virtu Financial, Inc.