CHARLOTTE, N.C., Dec. 6, 2023
/PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE) (the
"Company"), operator of LendingTree.com, the nation's leading
online financial services marketplace, announced today it has
repurchased approximately $100
million in aggregate principal amount of its outstanding
0.50% Convertible Senior Notes due 2025. In total, the Company paid
approximately $81.4 million in cash
through separate and individually negotiated transactions with
certain holders to retire the notes.
In connection with the repurchase of the 2025 notes, the Company
expects that a corresponding portion of the existing convertible
note hedge and warrant transactions that the Company entered into
with certain financial institutions when the notes were issued in
July, 2020 will be terminated. In connection with any such
termination and the related unwind by such financial institutions
of their related hedge positions, the Company expects such
financial institutions and/or their respective affiliates to sell
shares of the Company's common stock in secondary market
transactions, and/or enter into or unwind various derivative
transactions with respect to the Company's common stock.
About LendingTree, Inc.
LendingTree (NASDAQ: TREE) is one of the nation's largest, most
experienced online financial platforms, created to give consumers
the power to win financially. LendingTree provides customers with
access to the best offers on loans, credit cards, insurance and
more through its network of over 600 financial partners. Since its
founding, LendingTree has helped millions of customers obtain
financing, save money, and improve their financial and credit
health in their personal journeys. With a portfolio of innovative
products and tools and personalized financial recommendations,
LendingTree helps customers achieve everyday financial wins.
LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please
visit www.lendingtree.com.
INVESTOR RELATIONS:
investors@lendingtree.com
MEDIA RELATIONS:
press@lendingtree.com
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SOURCE LendingTree, Inc.