Taboola launches up to $70 million term loan tender offer at 92-par

By Sara Rosenberg

New York, Dec. 12 – Taboola.com Ltd. launched on Monday a Dutch auction tender offer for up to $70 million of its $297 million first-lien term loan B at a price in the range of 92 to par, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Funds for the tender offer will come from cash on hand.

The offer expires at 5 p.m. ET on Tuesday, the source added.

Taboola is a New York-based platform that powers recommendations for the open web.

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