DALLAS, Sept. 23, 2021 /PRNewswire/ -- Match Group
(NASDAQ: MTCH) announced today that it has agreed to sell shares of
its common stock (the "Shares") in a registered direct
offering (the "Registered Direct Offering"). The price per
share and the number of shares of common stock to be issued will be
determined based upon a volume-weighted average price per share of
common stock during a five (5) day averaging period commencing
September 24, 2021. The Registered
Direct Offering is expected to close on October 4, 2021.
Match Group intends to use the proceeds of the Registered Direct
Offering, together with the net proceeds of its concurrent
termination of certain note hedges and warrant transactions and a
portion of the net proceeds of the concurrent notes offering by its
indirect wholly owned subsidiary, Match Group Holdings II, LLC, to
repurchase 0.875% exchangeable senior notes due 2022 pursuant to
privately negotiated agreements with a limited number of current
holders of such exchangeable notes.
J.P. Morgan Securities LLC will act as the exclusive placement
agent for the Registered Direct Offering. The Registered Direct
Offering was made only by means of a prospectus supplement relating
to the Registered Direct Offering and accompanying base prospectus
previously filed with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained for free by visiting EDGAR
on the SEC website at www.sec.gov or, upon request, from J.P.
Morgan Securities LLC, Attention: Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717 or by telephone at (866) 803-9204 or by email at
prospectus-eq_fi@jpmorganchase.com.
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