---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-055141"
form_type: "8-K"
ticker: "GRND"
cik: "0001820144"
company_name: "Grindr Inc."
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:24:12.024484+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grindr enters $350M credit facility (term loan $300M + revolver $50M), repays Fortress Credit Agreement

## Summary
- Entered $300M senior secured term loan and $50M revolving credit facility with JPMorgan as agent; borrowed $300M term loan and $44.4M revolver on closing.
- Proceeds used to repay in full all obligations under the Fortress Credit Agreement and pay fees and expenses.
- Term loan amortizes at 1.25% quarterly, matures Nov 28, 2028; interest at SOFR+2.75%-3.25% or ABR+1.75%-2.25%.
- Revolving facility includes $15M LC sublimit and $10M swingline; unused commitment fee 0.375%-0.50% per annum.
- Financial covenants include maximum total net leverage ratio and minimum fixed charge coverage ratio.

## SEC filing metadata
- accession: 0001140361-23-055141
- form_type: 8-K
- ticker: GRND
- cik: 0001820144
- company_name: Grindr Inc.
- filed_at: 2023-11-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820144/000114036123055141/0001140361-23-055141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820144/000114036123055141/ny20015566x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-055141
- JSON: https://secwatch.observer/filing/0001140361-23-055141.json
- Plain text: https://secwatch.observer/filing/0001140361-23-055141.txt

## Key facts
- Material Agreements
  Grindr Inc. terminated Fortress Credit Agreement (effective 2023-11-28).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2023-11-28
  source text: On November 28, 2023, the Company terminated that certain credit agreement, dated as of June 10, 2020 (as amended from time to time, the " Fortress Credit Agreement "), by and among, inter alios
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820144/000114036123055141/0001140361-23-055141-index.htm
- Material Agreements
  Grindr Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $300.0 million senior secured term loan facility (effective 2023-11-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $300.0 million senior secured term loan facility
  - Effective: 2023-11-28
  source text: On November 28, 2023, Grindr Inc. (the " Company "), entered into a credit agreement (the " Credit Agreement "), with Grindr Capital LLC, a subsidiary of the Company (the " Borrower "), certain other wholly owned domestic subsidiaries of the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the " Agent "), swingline lender and an issuing bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820144/000114036123055141/0001140361-23-055141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.