---
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"
generated_at: "2026-05-17T10:47:38.945288+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LendingTree enters $475M first lien credit facility with Bank of America and Truist

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-006382
- JSON: https://secwatch.observer/filing/0001683168-25-006382.json
- Plain text: https://secwatch.observer/filing/0001683168-25-006382.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $475 million first lien term loan facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: SOFR plus 450 basis points
  - Maturity: five years
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1434621/000168316825006382/0001683168-25-006382-index.htm

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