debt
confidence high
sentiment neutral
materiality 0.70
Match Group repurchases $414M of 2022 exchangeable notes; issues $500M senior notes and 5.5M shares
Match Group, Inc.
- Repurchased $414M aggregate principal of 0.875% exchangeable notes due 2022 for ~$1.5B including accrued interest.
- Issued 5,534,098 shares at $158.83/share in registered direct offering; net proceeds used for repurchase.
- Match Group Holdings II issued $500M of 3.625% senior notes due 2031; $400M to Match Group, $100M for general corporate purposes.
- After repurchase, ~$104M of 2022 exchangeable notes remain outstanding.