Match Group seeks to upsize revolver to $750 million, extend maturity

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Match Group is seeking to increase its revolving credit facility by $250 million to $750 million and extend its maturity date, according to an 8-K filing with the Securities and Exchange Commission.

The maturity date extension would run through the fifth anniversary of the effective date of the amendment being sought to the company’s credit agreement, originally dated Oct. 7, 2015, with JPMorgan Chase Bank, NA as administrative agent.

The company is also seeking to extend its term loan to the seventh anniversary of any such amendment from its current maturity date of Nov. 16, 2022.

Match also on Thursday announced plans to price a $500 million offering of 10.5-year senior notes (expected ratings Ba3/BB) in a quick-to-market trade.

Match is a Dallas-based provider of dating products.

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