Virtu Financial, the US market maker and financial-technology company, said onTuesday that it was starting to market $400 million of incremental first-lien term loans and was also estimating Q2 adjusted net trading income of $718 million and adjusted EBITDA of $437 million.
That borrowing is expected to lift Virtu’s senior secured credit facility’s total term-loan balance to $1.93 billion. The company announcement did not spell out pricing, maturity, the interest-rate spread or how the proceeds will be used.
Adjusted net trading income increased from $568 million in Q2 2025, while adjusted EBITDA rose from $369 million. Preliminary net income fell to $285 million from $293 million, despite net trading income reaching $857 million from $653 million.
Virtu’s adjusted net trading income measure combines trading income with commissions and technology services, then accounts for net interest, dividends and direct trading costs. The company noted that the non-GAAP measure excludes material costs required to operate the business.
Virtu completed a separate $300 million incremental Term B-2 loan transaction in September 2025. The company plans to publish final Q2 results before the US market opens on July 30.
