secwatch.observer — SEC 8-K summary
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Issuer:     LendingTree, Inc. (TREE)
CIK:        0001434621
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0001683168-25-006382
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingTree enters $475M first lien credit facility with Bank of America and Truist
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434621/000168316825006382/0001683168-25-006382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434621/000168316825006382/lendingtree_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006382

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