debt
confidence high
sentiment neutral
materiality 0.50
Match Group unit issues $700M 6.125% notes due 2033 to refinance 2026 exchangeable notes
Match Group, Inc.
- Issued $700M in 6.125% senior notes due 2033; net proceeds ~$691M after discounts and expenses.
- Proceeds to repay all outstanding 0.875% exchangeable senior notes due 2026 and for general corporate purposes.
- Notes are unsecured obligations of Match Group Holdings II, mature September 15, 2033; interest payable semi-annually.
- Redeemable at company's option after September 15, 2028 at specified redemption prices; earlier redemption with make-whole premium.
- Certain change of control triggers require purchase offer at 101% of principal plus accrued interest.
item 1.01item 2.03item 9.01