debt
confidence high
sentiment neutral
materiality 0.50
Match Group establishes $500M revolving credit facility maturing 2029 via Amendment No. 9
Match Group, Inc.
- Match Group Holdings II, LLC entered Amendment No. 9, creating $500M of replacement revolving commitments.
- Maturity extended to March 20, 2029, subject to earlier maturity if >$250M of certain debt remains outstanding.
- Participating lenders include JPMorgan, Bank of America, Barclays, Citibank, BMO, BNP Paribas, Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS, Capital One, Fifth Third, HSBC, PNC.
- Each 2024 Revolving Lender received a fee equal to 0.25% of its commitment amount.
- Amendment replaced existing revolving commitments and modified certain covenants and other provisions.