• Match Group Inc (NASDAQ: MTCH) repurchased 2022 exchangeable senior notes worth $414 million for $1.5 billion including accrued and unpaid interest under privately negotiated agreements using equity offering proceeds, a portion of the notes offering, and the proceeds of its and Match Group FinanceCo’s concurrent termination of certain note hedges and warrant transactions.

• Around $104 million exchangeable notes remain outstanding following the repurchase.

• Match offered 5.5 million shares at $158.83 per share in a registered direct offering to some holders of 0.875% exchangeable senior notes due 2022 issued by Match subsidiary Match Group FinanceCo, Inc.

• Match subsidiary, Match Group Holdings II, LLC, entered into an indenture with U.S. Bank National Association as trustee to issue $500.0 million of 3.625% senior notes due 2031 via a private offering.

• Price Action: MTCH shares closed higher by 1.21% at $154.50 on Tuesday.

See more from Benzinga

• Click here for options trades from Benzinga

• Why Are Meredith Shares Trading Higher Premarket?

• Match To Repurchase Exchangeable Senior Notes Via Equity, Note Offerings

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.