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Published on 12/1/2023 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Match touts balance sheet, low leverage with no maturities until 2026

By Devika Patel

Knoxville, Tenn., Dec. 1 – Match Group, Inc. executives are pleased with the company’s balance sheet and financial position, with no significant bond maturities until 2027 and leverage levels below management’s targets.

“I feel the company is in very good financial shape,” president and chief financial officer Gary Swidler said at the Wells Fargo TMT Summit on Wednesday.

“We’ve got leverage levels below our targets.

“We refinanced out our maturities a long time ago and put them out far away so that we don’t have a debt maturity until 2026 and, really, the bonds don't start until 2027, so the company is in really good shape from a balance sheet perspective,” he said.

Match is a Dallas-based provider of dating products.


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