Virtu Financial VIRT Commitment fee for unused capacity
Commitment fee for unused capacity at other companies
Other financials
Where this comes from
Reported directly by Virtu Financial in its filing.
Tagged under the XBRL concept us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage.
The source filing: Virtu Financial’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 4:02 PM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q4 2026
- Accession
- 0001592386-26-000016
The term loan borrowings and revolver borrowings under the Original Credit Agreement bear interest at a per annum rate equal to, at the Company’s election, either (i) the greatest of (a) the prime rate in effect, (b) the greater of (1) the federal funds effective rate and (2) the overnight bank funding rate, in each case plus 0.50%, (c) an adjusted term SOFR rate with an interest period of one month plus 1.00% and (d)(1) in the case of term loan borrowings, 1.50% and (2) in the case of revolver borrowings, 1.00%, plus, (x) in the case of term loan borrowings, 2.00% and (y) in the case of revolver borrowings, 1.50%, or (ii) the greater of (a) an adjusted term SOFR rate for the interest period in effect and (b) (1) in the case of term loan borrowings, 0.50% and (2) in the case of revolver borrowings, 0.00%, plus, (x) in the case of term loan borrowings, 3.00% and (y) in the case of revolver borrowings, 2.50%. In addition, a commitment fee accrues at a rate of 0.50% per annum on the average daily unused amount of the revolving facility, with step-downs to 0.375% and 0.25% per annum based on VFH’s first lien leverage ratio, and is payable quarterly in arrears.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Virtu Financial's commitment fee for unused capacity?
- Virtu Financial (VIRT) reported commitment fee for unused capacity of 0.5% in Q1 2026.
- How has Virtu Financial's commitment fee for unused capacity changed year-over-year?
- Virtu Financial's commitment fee for unused capacity decreased by 0.0% year-over-year, from 0.5% to 0.5%.
- What does commitment fee for unused capacity mean?
- Represents the fees paid to lenders to maintain access to undrawn credit facilities. Monitoring this cost helps assess the expense of maintaining financial flexibility and the firm's overall cost of capital.
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