Virtu Financial, Inc. announced that on February 19, 2025, its subsidiary, Virtu Financial LLC, along with VFH Parent LLC and certain subsidiaries, entered into Amendment No. 2 to its existing Credit Agreement. This amendment refinances $1.245 billion in senior secured first lien term B-1 loans due 2031 by replacing them with a new tranche of senior secured first lien term B-2 loans of the same amount. The new term loans bear interest at either a prime-based rate plus 1.50% or a SOFR-based rate plus 2.50% and will mature on June 21, 2031. They will also amortize annually at a rate of 1.0% of the original principal amount and may require contingent principal payments based on excess cash flow and other factors. The company expects to file the full amendment text with its upcoming annual report.