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Match Group seeks amendment to shift term loan B to SOFR
By Sara Rosenberg
New York, June 20 – Match Group is shopping a negative consent amendment to transition its term loan B to SOFR from Libor and add a credit spread adjustment, according to a market source.
The CSA being offered is 10 basis points one-month rate, 15 bps three-month rate and 25 bps six-month rate.
JPMorgan Chase Bank is the lead on the deal.
The amendment deadline is Wednesday, the source added.
Match is a Dallas-based provider of dating products.
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