debt
confidence high
sentiment neutral
materiality 0.50
Match Group prices $500M 3.625% senior notes and registered direct offering to repurchase 2022 exchangeable notes
Match Group, Inc.
- $500M aggregate principal of 3.625% senior notes due 2031 issued by subsidiary Match Group Holdings II, LLC.
- Registered direct offering of common stock priced via VWAP over 5-day period starting Sep 24, 2021; closing Oct 4.
- Proceeds from offerings and termination of note hedges/warrants used to repurchase 0.875% exchangeable senior notes due 2022.
- Remaining notes offering proceeds for general corporate purposes.
- J.P. Morgan acts as placement agent for equity offering; notes sold under Rule 144A/Reg S.