Thursday, September 23, 2021 at 1:12 AM
Announcing the pricing of its Senior Notes offering, Match Group Inc.
It has been reported today by Match Group that its indirect fully owned subsidiary, Match Group Holdings II, LLC, has agreed to issue $500.
0 million aggregate principal amount of 3.
625 percent senior notes due 2031 in a private offering to provide funds for the company.
The Notes Offering is scheduled to conclude on October 4, 2021, according to the current schedule.
It is intended that a portion of the net proceeds of the Notes Offering be distributed to Match Group for use in conjunction 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 in accordance with privately negotiable terms. The Issuer plans to utilize any leftover net proceeds from the Notes Offering for general company purposes, if there are any residual net proceeds.
Under the Securities Act of 1933, as amended, the Notes Offering is being offered exclusively to individuals reasonably believed to be qualified institutional purchasers in accordance with Rule 144A under 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 first being registered under the Securities Act, unless an exemption from registration is granted.
As required by Rule 135c of the Securities Act, this press release does not represent an offer to sell the Notes, nor does it constitute a solicitation of an offer to buy the Notes.
Concerning Match Group
Match Group (NASDAQ: MTCH), via its portfolio businesses, is a leading supplier of digital solutions that enable people to connect with one another and form meaningful relationships. The Tinder®, Match®, Meetic®, OkCupid(R), Hinge(R), PairsTM, PlentyOfFish(R), OurTime(R), Azar(R), and Hakuna Live(R) brands are just a few of the many in our worldwide portfolio of brands, all of which are designed to improve our users' chance of interacting with others. We offer customized services to our customers via our well-known brands, allowing them to express their own tastes. Our services are accessible to our consumers all over the globe in more than 40 different languages.
Statements that are made in the future
This news release includes forward-looking statements about the future performance of Match Group, within the meaning of the Private Securities Litigation Reform Act of 1995, including comments about the future performance of Match Group. These forward-looking statements are subject to a number of risks and uncertainties, which may cause actual results to vary significantly from those currently anticipated. Included in these risks and uncertainties is Match Group's ability to complete the transactions detailed in this document, amongst many other things. In addition, Match Group's filings with the SEC, including its reports on Forms 10-K, 10-Q, and 8-K, include additional warning statements about other risk factors that may have an impact on the company's future performance in addition to the ones listed above. Any changes to these forward-looking statements that may be made as a consequence of events or circumstances occurring after the date of this document, or to reflect the occurrence of unexpected events, are subject to Match Group's discretion and are not required to be disclosed publicly.