DALLAS, Nov. 17, 2017 /PRNewswire/ -- Match Group,
Inc. (NASDAQ: MTCH) announced today that it has agreed to
sell $450 million aggregate principal
amount of 5.000% senior notes due 2027 (the "Notes") in a private
offering (the "Offering"). The Offering is expected to close on
December 4, 2017, with gross proceeds
from the Offering of approximately $445.6
million.
Match Group intends to use the proceeds of the Offering,
together with cash on hand, to redeem its existing senior notes due
2022, and to pay accrued interest and expenses associated with the
redemption.
The Offering is being 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 notice 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 is the world's leading provider of dating products.
We operate a portfolio of over 45 brands, including Match, Tinder,
PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime,
BlackPeopleMeet and LoveScout24, each designed to increase our
users' likelihood of finding a romantic connection. Through our
portfolio of trusted brands, we provide tailored products to meet
the varying preferences of our users. We currently offer our dating
products in 42 languages across more than 190 countries.
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 Offering.
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