Match to buy back some of its 0.875% exchangeables due 2022

By Rebecca Melvin

Concord, N.H., Sept. 22 – Match Group Holdings II, LLC, a wholly owned subsidiary of Match Group, Inc., plans to buy back some of its 0.875% exchangeable senior notes due Oct. 1, 2022 using proceeds of a new notes offering and other funds, according to a news release.

The net proceeds of the new notes together with a concurrent registered direct offering and the unwinding of certain note hedge and warrant transactions will be used to repurchase a portion of the $517.5 million outstanding exchangeable notes and pay a related premium and accrued interest.

The provider of online dating products is based in Dallas.

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