Match Group launches $425 million term B at Libor plus 200-225 bps

By Sara Rosenberg

New York, Jan. 30 – Match Group launched a $425 million seven-year term loan B that is talked at Libor plus 200 basis points to 225 bps with a 0% Libor floor and an original issue discount of 99.75, according to a market source.

BofA Securities Inc., Citigroup Global Markets Inc., Goldman Sachs Bank USA, Barclays, BMO Capital Markets, BNP Paribas Securities Corp., Capital One, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Fifth Third, J.P. Morgan Securities LLC, PNC Capital Markets and Societe Generale are the leads on the deal.

Proceeds will be used to extend an existing term loan and reprice the debt from Libor plus 250 bps.

Commitments are due at noon ET on Feb. 6, the source added.

Match is a Dallas-based provider of dating products.

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