Match Group extends $500 million revolving credit facility to 2023

By Wendy Van Sickle

Columbus, Ohio, Dec. 13 – Match Group Inc. extended the maturity date of its $500 million revolving credit facility to Dec. 7, 2023 and made some other changes to its credit agreement on Dec. 7, according to an 8-K filing with the Securities and Exchange Commission.

The company also modified the leverage ratio levels used to calculate the applicable rate for revolving loans under the credit agreement, which was originally entered in Nov. 16, 2015, and has been amended a total of five times.

The applicable rate for Libor loans ranges from 150 basis points to 225 bps, and the commitment fee ranges from 25 bps to 40 bps.

JPMorgan Chase Bank, NA is the administrative agent.

JPMorgan, Bank of America, NA, Citibank, NA, BNP Paribas, Deutsche Bank AG New York Branch, Goldman Sachs Bank USA, Barclays Bank plc, BMO Harris Bank NA and Societe Generale acted as joint lead arrangers and joint bookrunners, and Bank of America and Citibank acted as co-syndication agents.

Fifth Third Bank, PNC Bank NA and Capital One NA acted as co-documentation agents.

Proceeds may be used for working capital needs and for general corporate purposes.

Match Group is a Dallas-based provider of dating products.

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