Match Group Reveals $400 Million Senior Notes Offering

Match Group

revealed Tuesday that it plans to commence an offering of $400 million aggregate principal amount of senior notes due 2024 in a private offering. According to the company, the interest rate and other terms of the Notes would be determined at the time of sale. Match Group indicated that it plans to use the proceeds of the Offering to repay some existing indebtedness. The company said that the offering would be made only to qualified institutional buyers in line with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to some non-U.S. persons in accordance with Regulation S under the Securities Act. The company said that the Notes would not be registered under the Securities Act and may not be offered or sold without registration unless an exemption from such registration is available. On Tuesday, the stock traded 0.28 percent down.