{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-006382","form_type":"8-K","ticker":"TREE","cik":"0001434621","company_name":"LendingTree, Inc.","filed_at":"2025-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.986880+00:00","generated_at":"2026-05-17T10:47:38.945288+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LendingTree enters $475M first lien credit facility with Bank of America and Truist","bullets":["Facility includes $400M term loans at SOFR+450bps (step-down to +425bps upon B2 rating) and $75M revolver at SOFR+350bps.","Five-year maturity; proceeds to refinance existing Truist/Apollo facilities and for working capital.","Financial covenant: first lien net leverage ratio ≤5.0x, tested quarterly when revolver drawn ≥$20M.","Mandatory prepayment: asset sale sweep above $50M, 50% excess cash flow sweep (step-down to 0% at <2.5x leverage)."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-006382","json":"https://secwatch.observer/filing/0001683168-25-006382.json","markdown":"https://secwatch.observer/filing/0001683168-25-006382.md","text":"https://secwatch.observer/filing/0001683168-25-006382.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1434621/000168316825006382/0001683168-25-006382-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1434621/000168316825006382/lendingtree_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:47:38.945288+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"797740f737f0f16588deb0a0a7cb50ff61b46536","claim":"LendingTree, Inc. incurred credit facility of $475 million first lien term loan facility with Bank of America, N.A., as administrative agent at SOFR plus 450 basis points maturing five years.","evidence_excerpt":"On August 21, 2025, LendingTree, Inc. (NASDAQ: TREE) (the \"Company\") entered into a $475 million first lien term loan facility (the \"Facility\") with Bank of America, N.A., as administrative agent (the \"Agent\"), and Bank of America, N.A. and Truist Securities, Inc., as joint lead arrangers.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1434621/000168316825006382/0001683168-25-006382-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$475 million first lien term loan facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"SOFR plus 450 basis points"},{"label":"Maturity","value":"five years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}