LendingTree buys back $190 million of 0.5% convertibles due 2025

By Marisa Wong

Los Angeles, March 6 – LendingTree, Inc. repurchased about $190 million of its outstanding 0.5% convertible senior notes due 2025, according to a press release.

In total, the company paid $156.4 million in cash through separate and individually negotiated transactions with some holders to retire the notes.

The company said that in connection with the buyback of the 2025 notes, it expects that a corresponding portion of the existing convertible note hedge and warrant transactions that it had entered into with financial institutions when the notes were issued in July 2020 will be terminated.

The online financial services company is based in Charlotte, N.C.

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