LendingTree repurchases $190M of its 0.50% convertible notes due 2025 for $156.4M cash

LendingTree, Inc.

Repurchased ~$190M aggregate principal of 0.50% Convertible Senior Notes due 2025.
Cash consideration of ~$156.4M paid in privately negotiated transactions.
Expects to terminate corresponding portion of convertible note hedge and warrant transactions.
Financial institutions may sell common stock in secondary market as part of hedge unwind.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LendingTree, Inc. entered into Note Repurchase Agreements with certain holders of its 0.50% Convertible Senior Notes due 2025 valued at approximately $156.4 million in cash for the repurchase of approximately $190 million in aggregate p (effective 2023-03-06).

Action: entry
Agreement: notes offering
Counterparty: certain holders of its 0.50% Convertible Senior Notes due 2025
Value: approximately $156.4 million in cash for the repurchase of approximately $190 million in aggregate p
Effective: 2023-03-06

Exact text from the filing

On March 6, 2023, LendingTree, Inc. (the “Registrant”) entered into individual privately negotiated transactions (the “Note Repurchase Agreements”) with certain holders of its 0.50% Convertible Senior Notes due 2025 (the “Notes”), pursuant to which the Registrant will pay an aggregate of approximately $156.4 million in cash for the repurchase of approximately $190 million in aggregate principal amount of the Notes (the “Note Repurchases”).

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LendingTree, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-001381

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