Match Group announces redemption of exchangeable senior notes
Posted: October 4, 2021 at 6:15 p.m. CDT|Update: 3 hours ago
DALLAS, October 4, 2021 / PRNewswire / – Match Group (NASDAQ: MTCH) announced today that it has acquired approximately $ 414 million aggregate capital of 0.875% of exchangeable senior bonds maturing in 2022 (the “2022 exchangeable tickets“) during about $ 1.5 billion, including accrued and unpaid interest on the redeemed 2022 Exchangeable Notes, pursuant to privately negotiated agreements with a limited number of current holders of such 2022 Exchangeable Notes (the “Redemption of exchangeable tickets“). The 2022 exchangeable tickets were issued by Match Group FinanceCo, Inc. (“FinanceCo“), a wholly-owned subsidiary of Match Group.
Match Group financed the repurchase of exchangeable notes using (i) the net proceeds of its simultaneous registered direct offering of 5,534,098 shares of its ordinary shares at a price of $ 158.83 per share, (ii) the net proceeds of its termination and that of FinanceCo of certain hedging transactions of notes and warrants and (iii) a portion of the net proceeds of the unregistered private offering of $ 500 million total principal amount of 3.625% of the Senior Notes due 2031 by Match Group Holdings II, LLC, an indirect wholly owned subsidiary of Match Group.
Following the redemption of the exchangeable notes, approximately $ 104 million in total principal amount of the 2022 exchangeable notes remains outstanding.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal.
About the correspondence group
Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of brands includes TinderÂ®, MatchÂ®, MeeticÂ®, OkCupidÂ®, HingeÂ®, Pairs â¢, PlentyOfFishÂ®, OurTimeÂ®, AzarÂ®, Hakuna Live â¢, and more, each designed to increase the likelihood of connecting. our users with others. Through our trusted brands, we provide tailor-made services to meet the different preferences of our users. Our services are available in over 40 languages ââfor our users around the world.
This press release contains forward-looking statements concerning the future performance of Match Group, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties which could cause the results actuals differ significantly from the actual results. expectations. These risks and uncertainties include, without limitation, the ability of Match Group to complete the transactions described in this document. Additional caveats regarding other risk factors that could affect Match Group’s future performance are contained in its documents filed with the SEC, including its reports on Forms 10-K, 10-Q and 8-K. Match Group does not undertake to publicly disclose the result of any revision of these forward-looking statements which may be made to reflect events or circumstances subsequent to the date hereof or to reflect the occurrence of unforeseen events.
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