LendingTree Files 8-K on Material Agreement

TL;DR

LendingTree just filed an 8-K for a new material agreement and financial obligation. Big move coming.

AI Summary

On August 21, 2025, LendingTree, Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates a significant financial event for the company, though specific details of the agreement or obligation are not provided in this excerpt.

Why It Matters

This filing signals a new material definitive agreement and a direct financial obligation for LendingTree, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries financial risk and requires further investigation into the specifics.

Key Players & Entities

• LendingTree, Inc. (company) — Registrant
• August 21, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-34063 (filing_id) — Commission File Number
• 26-2414818 (tax_id) — IRS Employer Identification No.
• 1415 Vantage Park Dr., Suite 700, Charlotte, NC 28203 (address) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share TREE The Nasdaq
• $475 million — Q: TREE) (the "Company") entered into a $475 million first lien term loan facility (the "Fac
• $400 million — ngers. The Facility is comprised of (i) $400 million in initial term loans (the "Initial Ter
• $75 million — ans (the "Initial Term Loans") and (ii) $75 million in revolving loans (the "Revolver" or "
• $20 million — n in an amount equal to or greater than $20 million (other than undrawn or cash-collaterali
• $50 million — e: (i) an asset sale sweep subject to a $50 million threshold with reinvestment rights with
• $23 million — nimum threshold equal to the greater of $23 million or 20% of EBITDA, and (iii) a debt issu

Filing Documents

• lendingtree_8k.htm (8-K) — 29KB
• lendingtree_ex9901.htm (EX-99.1) — 1090KB
• 0001683168-25-006382.txt ( ) — 1523KB
• tree-20250821.xsd (EX-101.SCH) — 3KB
• tree-20250821_lab.xml (EX-101.LAB) — 33KB
• tree-20250821_pre.xml (EX-101.PRE) — 22KB
• lendingtree_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive

Item 1.01. Entry into a Material Definitive Agreement. On August 21, 2025, LendingTree, Inc. (NASDAQ: TREE) (the "Company") entered into a $475 million first lien term loan facility (the "Facility") with Bank of America, N.A., as administrative agent (the "Agent"), and Bank of America, N.A. and Truist Securities, Inc., as joint lead arrangers. The Facility is comprised of (i) $400 million in initial term loans (the "Initial Term Loans") and (ii) $75 million in revolving loans (the "Revolver" or "Revolving Loans"). The lenders include a syndicate of banks arranged by Bank of America and Truist with the Company's approval. The Facility has a maturity of five years. Interest on the Initial Term Loans is charged at SOFR plus 450 basis points, subject to a 25-basis point margin step-down upon the achievement of a corporate family rating of B2 (stable) or better from Moody's. Interest on the Revolving Loans is charged at SOFR plus 350 basis points. Proceeds from the Facility will be used to refinance the Company's existing facilities with Truist and Apollo and for working capital and general corporate purposes. The Facility contains a financial covenant requiring the Company to maintain a first lien net leverage ratio of not more than 5.0x, tested quarterly when the Revolver is drawn in an amount equal to or greater than $20 million (other than undrawn or cash-collateralized letters of credit). The Facility also includes customary negative covenants, including covenants limiting the incurrence of additional indebtedness, the creation of liens, investments, dispositions, and restricted payments. Mandatory prepayments under the Facility include: (i) an asset sale sweep subject to a $50 million threshold with reinvestment rights within 18 months (plus an additional 6 months if a reinvestment contract is entered into within such 18-month period), (ii) an excess cash flow sweep equal to 50% of excess cash flow beginning with the fiscal year ending December 31, 2026, ste

03. Creation of a Direct Financial Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure in Item 1.01 above is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . Exhibit No. Exhibit Description 99.1 Credit Agreement dated August 21, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 21, 2025 LENDINGTREE, INC. By: /s/ Jason Bengel Jason Bengel Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR