LendingTree secures $175M term loan facility from Apollo Funds

LendingTree, Inc.

Apollo commits up to $175M first lien term loan; $125M drawn initially, $50M delayed draw over 12 months.
Interest at SOFR + 575 bps, 7-year term, prepayable at par after 12 months (101% before).
Proceeds for general corporate purposes, including possible repayment of existing debt.
CFO Trent Ziegler says financing fortifies balance sheet and positions company for growth.

item 1.01 item 9.01

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 facility with Apollo Funds valued at up to $175 million.

Action: entry
Agreement: credit facility
Counterparty: Apollo Funds
Value: up to $175 million

Exact text from the filing

funds managed by Apollo affiliates ("Apollo Funds") have agreed to commit up to $175 million of financing for LendingTree in the form of a first lien term loan facility (the "facility")

View on SEC.gov

512 material agreements filed in the last 30 days. Browse all material agreements →

LendingTree, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-001773

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.