Match Group Enters Material Definitive Agreement
Ticker: MTCH · Form: 8-K · Filed: Mar 22, 2024 · CIK: 891103
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Match Group just signed a big deal, likely involving debt or a new financial obligation.
AI Summary
On March 20, 2024, Match Group, Inc. entered into a material definitive agreement related to a financial obligation. The company, previously known as IAC/InterActiveCorp, is incorporated in Delaware and headquartered in Dallas, Texas.
Why It Matters
This filing indicates a significant financial commitment or obligation for Match Group, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that require careful monitoring.
Key Numbers
- 001-34148 — SEC File Number (Identifies the specific SEC filing for Match Group)
- 59-2712887 — IRS Number (Company's Employer Identification Number)
Key Players & Entities
- Match Group, Inc. (company) — Registrant
- March 20, 2024 (date) — Date of earliest event reported
- IAC/InterActiveCorp (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- Dallas, Texas (location) — Business address city and state
FAQ
What is the nature of the material definitive agreement entered into by Match Group?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 20, 2024.
What was Match Group's former name?
Match Group was formerly known as IAC/InterActiveCorp.
In which state is Match Group incorporated?
Match Group is incorporated in Delaware.
Where is Match Group's principal business address?
Match Group's business address is 8750 North Central Expressway, Suite 1400, Dallas, TX 75231.
Filing Stats: 861 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-03-22 16:17:38
Key Financial Figures
- $0.001 M — ch registered Common Stock, par value $0.001 MTCH The Nasdaq Stock Market LLC (Nas
- $500 million — t to, among other things: (i) establish $500 million of replacement revolving facility commi
- $250 million — 9, in each case if and only if at least $250 million in aggregate principal amount of such d
Filing Documents
- dp208526_8k.htm (8-K) — 28KB
- dp208526_ex1001.htm (EX-10.1) — 1189KB
- 0000950103-24-004178.txt ( ) — 1637KB
- mtch-20240320.xsd (EX-101.SCH) — 3KB
- mtch-20240320_lab.xml (EX-101.LAB) — 33KB
- mtch-20240320_pre.xml (EX-101.PRE) — 22KB
- dp208526_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On March 20, 2024, Match Group Holdings II, LLC (the " Company "), a wholly-owned subsidiary of Match Group, Inc., entered into Amendment No. 9 (the " Ninth Amendment ") to that certain amended and restated credit agreement, dated as of October 7, 2015, as amended and restated as of November 16, 2015, as further amended as of December 16, 2015, as further amended as of December 8, 2016, as further amended as of August 14, 2017, as further amended as of December 7, 2018, as further amended as of February 13, 2020, as further amended as of March 26, 2021, and as further amended as of June 21, 2023, with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto (the " Existing Credit Agreement "). The Ninth Amendment amends the Existing Credit Agreement to, among other things: (i) establish $500 million of replacement revolving facility commitments to replace the existing revolving commitments outstanding thereunder immediately prior to effectiveness of the Ninth Amendment, (ii) extend the maturity date of the revolving facility thereunder to the earliest to occur of (x) March 20, 2029 and (y) the date that is 91 days prior to the maturity date of the Company's existing term B-1 facility or existing senior notes due 2027, 2028 or 2029, or any refinancing indebtedness of the Company used to refinance such existing term B-1 facility or senior notes that matures prior to the date that is 91 days after March 20, 2029, in each case if and only if at least $250 million in aggregate principal amount of such debt is outstanding on such date and (iii) make certain other changes to the covenants and other provisions therein, in each case as more fully described in the Ninth Amendment. The foregoing description of the Ninth Amendment is not intended to be complete and is qualified in its entirety by reference to the Ninth Amendment, a copy of which is attached hereto as Exhibit 10.1, and incorp
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 9 dated as of March 20, 2024 to the Amended and Restated Credit Agreement dated as of October 7, 2015, as amended and restated as of November 16, 2015, as further amended as of December 16, 2015, as further amended as of December 8, 2016, as further amended as of August 14, 2017, as further amended as of December 7, 2018, as further amended as of February 13, 2020, as further amended as of March 26, 2021, and as further amended as of June 21, 2023, among Match Group Holdings II, LLC, as borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and the other parties thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. MATCH GROUP, INC. By: /s/ Gary Swidler Gary Swidler President and Chief Financial Officer Date: March 22, 2024