Match Group to sell $300 million 10-year notes in Friday drive-by; whisper is 6% yield

By Paul A. Harris

Portland, Ore., Feb. 8 – Match Group Inc. plans to price a $300 million offering of 10-year senior notes in a quick-to-market Friday transaction, a bond trader said.

Initial guidance has the deal shaping up to yield 6%, the source added.

BofA Merrill Lynch is leading the Rule 144A and Regulation S offering.

The notes come with five years of call protection.

The Dallas-based provider of dating products and services plans to use the proceeds to repay debt under its revolving credit facility and for general corporate purposes.

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