Match Group cuts spread on $350 million term B to Libor plus 325 bps

By Sara Rosenberg

New York, Dec. 6 – Match Group Inc. lowered pricing on its $350 million term loan B due Nov. 16, 2022 to Libor plus 325 basis points from talk of Libor plus 350 bps to 375 bps, according to a market source.

As before, the term loan B has a 0.75% Libor floor, an original issue discount of 99.75 and 101 soft call protection for six months.

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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