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Match Group readies launch of $350 million term loan B for Tuesday
By Sara Rosenberg
New York, Nov. 28 – Match Group Inc. will hold a lender call on Tuesday to launch a $350 million term loan B due Nov. 16, 2022 that is talked at Libor plus 350 basis points to 375 bps with a 0.75% Libor floor and an original issue discount of 99.75, according to a market source.
The loan has 101 soft call protection for six months, the source said.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to reprice an existing term loan B from Libor plus 450 bps with a 1% Libor floor.
Match Group is a Dallas-based provider of dating products.
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