DALLAS, Sept. 22, 2021 /PRNewswire/ -- Match Group
(NASDAQ: MTCH) announced today that its indirect wholly owned
subsidiary, Match Group Holdings II, LLC (the "Issuer"),
intends to commence an offering of $500.0
million aggregate principal amount of senior notes due 2031
(the "Notes") in a private offering (the "Notes
Offering"). The interest rate and other terms of the Notes will
be determined at the time of sale.
The Issuer intends to distribute a portion of the net proceeds
of the Notes Offering to Match Group for its use, together with the
net proceeds of Match Group's concurrent registered direct offering
and the net proceeds of Match Group's concurrent termination of
certain note hedges and warrant transactions, to repurchase 0.875%
exchangeable senior notes due 2022 pursuant to privately negotiated
agreements with a limited number of current holders of such
exchangeable notes. The Issuer intends to use any remaining net
proceeds of the Notes Offering for general corporate purposes.
The Notes Offering will be made only to persons reasonably
believed to be qualified institutional buyers in accordance with
Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to certain non-U.S. persons in
accordance with Regulation S under the Securities Act. The Notes
will not be registered under the Securities Act and may not be
offered or sold without registration unless an exemption from such
registration is available.
This press release is issued pursuant to Rule 135c of the
Securities Act, and does not constitute an offer to sell the Notes,
nor a solicitation for an offer to purchase the Notes.
About Match 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 Tinder®, Match®, Meetic®, OkCupid®, Hinge®, Pairs™,
PlentyOfFish®, OurTime®, Azar®, Hakuna Live™, and more, each built
to increase our users' likelihood of connecting with others.
Through our trusted brands, we provide tailored services to meet
the varying preferences of our users. Our services are available in
over 40 languages to our users all over the world.
Forward-Looking Statements
This press release contains forward-looking statements regarding
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 that could
cause actual results to differ materially from current
expectations. These risks and uncertainties include, but are not
limited to, Match Group's ability to consummate the transactions
described herein. Additional cautionary statements regarding other
risk factors that could have an effect on the future performance of
Match Group are contained in its filings with the SEC, including
its reports on Forms 10-K, 10-Q and 8-K. Match Group undertakes no
obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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SOURCE Match Group