CHARLOTTE, N.C., Nov. 2, 2015 /PRNewswire/ -- LendingTree,
Inc. (NASDAQ: TREE) (the "Company"), a leading online loan
marketplace, announced today that it has commenced, subject to
market and other conditions, an underwritten public offering of
850,000 shares of its common stock pursuant to an effective shelf
registration statement previously filed with the Securities and
Exchange Commission. The Company proposes to issue and sell
725,000 shares of its common stock and a selling stockholder
proposes to offer and sell 125,000 shares in the underwritten
public offering. In connection with the offering, the Company
expects to grant the underwriters an option for a period of 30 days
to purchase up to an additional 127,500 shares of common stock.
The Company expects to use the net proceeds from the offering
for general corporate purposes, including, but not limited to,
working capital and potential acquisitions. The Company will
receive no proceeds from the offer and sale of shares by the
selling stockholder.
BofA Merrill Lynch, RBC Capital Markets, LLC and SunTrust
Robinson Humphrey, Inc. will serve as joint book-running managers
for the offering. Guggenheim Securities, Needham &
Company and Stephens Inc. are acting as co-managers for the
offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The offering is being made only by means of a prospectus and
related prospectus supplement. Copies of the prospectus and the
related preliminary prospectus supplement may be obtained free of
charge from the Securities and Exchange Commission's website at
www.sec.gov or by contacting any of the joint book-running
managers, including: BofA Merrill Lynch, 222 Broadway,
New York, NY 10038,
attention: Prospectus Department, or e-mail
dg.prospectus_requests@baml.com; RBC Capital Markets, Attn: Equity
Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281 or by telephone at
877-822-4089 or by email at equityprospectus@rbccm.com; or SunTrust
Robinson Humphrey, Inc., Attn: Prospectus Department, 3333
Peachtree Rd., NE, Atlanta, GA
30326 or by telephone at 404-926-5744 or by e-mail at
STRH.Prospectus@SunTrust.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
The matters contained in the discussion above may be considered
to be "forward-looking statements" within the meaning of the
Securities Act of 1933, as amended, and the Securities Exchange Act
of 1934, as amended by the Private Securities Litigation Reform Act
of 1995, as amended. Those statements include statements regarding
the intent, belief or current expectations or anticipations of the
Company and members of its management team. Factors currently known
to management that could cause actual results to differ materially
from those in forward-looking statements include the following:
adverse conditions in the United
States or global capital markets; adverse conditions in the
primary and secondary mortgage markets and in the economy,
particularly interest rates; willingness of lenders to make
unsecured personal loans and purchase leads for such products from
the Company; seasonality of results; potential liabilities to
secondary market purchasers; changes in the Company's relationships
with network lenders; breaches of network security or the
misappropriation or misuse of personal consumer information;
failure to provide competitive service; failure to maintain brand
recognition; ability to attract and retain customers in a
cost-effective manner; ability to develop new products and services
and enhance existing ones; competition; allegations of failure to
comply with existing or changing laws, rules or regulations, or to
obtain and maintain required licenses; failure of network lenders
or other affiliated parties to comply with regulatory requirements;
failure to maintain the integrity of systems and infrastructure;
liabilities as a result of privacy regulations; failure to
adequately protect intellectual property rights or allegations of
infringement of intellectual property rights; and changes in
management. These and additional factors to be considered are
set forth under "Risk Factors" in the Company's Annual Report on
Form 10-K for the period ended December 31,
2014, Quarterly Reports on Form 10-Q for the periods ended
June 30, 2015 and September 30, 2015 and other filings with
the Securities and Exchange Commission. The Company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results or expectations.
About LendingTree, Inc.
LendingTree, Inc. operates a leading online loan marketplace and
provides consumers with an array of online tools and information to
help them find the best loans for their needs. The Company's online
marketplace connects consumers with multiple lenders that compete
for their business, empowering consumers as they comparison-shop
across a full suite of loans and credit-based offerings. The
Company provides access to lenders offering home loans, home equity
loans/lines of credit, reverse mortgages, personal loans, auto
loans, small business loans, credit cards, student loans and
more.
LendingTree, Inc. is headquartered in Charlotte, NC and maintains operations solely
in the United States.
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SOURCE LendingTree, Inc.