Fitch affirms Virtu loan

Fitch Ratings said it affirmed the BB- rating assigned to Impala Borrower LLC and VFH Parent LLC, both of which are debt issuing subsidiaries of Virtu Financial LLC, following the announced $525 million upsizing of an existing credit facility.

“Proceeds are expected to be used to refinance the existing $500 million senior secured second-lien notes due in 2022 and pay about $26 million in early redemption costs, making the current transaction very close to leverage-neutral for Virtu,” Fitch said in a press release.

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