DALLAS, Oct. 4, 2021 /PRNewswire/ -- Match Group
(NASDAQ: MTCH) announced today that it has repurchased
approximately $414 million aggregate
principal amount of 0.875% exchangeable senior notes due 2022 (the
"2022 Exchangeable Notes") for approximately $1.5 billion, including accrued and unpaid
interest on the 2022 Exchangeable Notes repurchased, pursuant to
privately negotiated agreements with a limited number of current
holders of such 2022 Exchangeable Notes (the "Exchangeable Notes
Repurchase"). The 2022 Exchangeable Notes were issued by Match
Group FinanceCo, Inc. ("FinanceCo"), a wholly owned
subsidiary of Match Group.
Match Group funded the Exchangeable Notes Repurchase using (i)
the net proceeds from its concurrent registered direct offering of
5,534,098 shares of its common stock at a price of $158.83 per share, (ii) the net proceeds from its
and FinanceCo's concurrent termination of certain note hedges and
warrant transactions and (iii) a portion of the net proceeds from
the private unregistered offering of $500
million aggregate principal amount of 3.625% senior notes
due 2031 by Match Group Holdings II, LLC, an indirect wholly owned
subsidiary of Match Group.
Following the Exchangeable Notes Repurchase approximately
$104 million aggregate principal amount of 2022 Exchangeable
Notes remain outstanding.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
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