Virtus Investment Partners enters new $650 million credit agreement

Virtus Investment Partners, Inc. (NYSE:VRTS), a $1.26 billion asset management firm with a strong financial health rating according to InvestingPro, has entered into a new credit agreement, replacing its previous facility from September 2021. According to a press release statement included in a recent SEC filing, the new agreement, signed on September 26, 2025, includes a $400 million term loan with a seven-year term and a $250 million revolving credit facility with a five-year term. The company maintains a healthy current ratio of 2.07, indicating strong ability to meet its short-term obligations.

The agreement was executed with a group of lenders and Morgan Stanley Senior Funding, Inc. as the administrative agent. Virtus has the option, subject to conditions outlined in the agreement, to request additional commitments for both the revolving credit facility and term loans.

Proceeds from the new term loan have been used to refinance the outstanding amount under the prior 2021 credit agreement, as well as for general corporate purposes and related fees and expenses. The company stated that the previous credit agreement, along with its associated master guarantee and collateral agreements, was terminated and replaced by new agreements dated September 26, 2025.

Under the new credit agreement, amounts outstanding will bear interest at an annual rate based on either Term SOFR for periods of one, three, or six months, or an alternate base rate, plus an applicable margin. The applicable margins are 2.25% for Term SOFR-based loans and 1.25% for alternate base rate loans. Other terms of the new agreement are substantially similar to those of the previous facility. Trading at an attractive P/E ratio of 9.12 and maintaining a consistent dividend growth record, Virtus shows promising investment potential. For detailed analysis and additional insights, check out the comprehensive Pro Research Report available on InvestingPro, where you’ll find exclusive financial metrics and expert analysis.

This information is based on a press release statement included in Virtus Investment Partners’ recent SEC filing.

In other recent news, Virtus Investment Partners reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $6.25, exceeding the forecasted $6.15. Additionally, Virtus Investment Partners’ revenue reached $210.5 million, outperforming the anticipated $191.9 million. These results reflect a positive financial performance for the quarter. Despite these strong earnings and revenue figures, the company’s stock experienced a decline in post-market and premarket trading. These developments highlight the importance of monitoring future market reactions.

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