Match To Repurchase Exchangeable Senior Notes Via Equity, Note Offerings

September 22, 2021 10:20 AM | 1 min read | Make a Comment

Match Group Inc MTCH announced plans to initiate a registered direct equity offering.
Match subsidiary, Match Group Holdings II, LLC also plans to offer $500 million senior notes due 2031 in a private institutional placement.
The offering proceeds will help to repurchase 0.875% exchangeable senior notes due 2022 under privately negotiated agreements.
Match held $3.8 billion in long-term debt as of June 30.
Price Action: MTCH shares traded higher by 0.97% at $153.40 in the market session on the last check Wednesday.