{"id":878216,"date":"2025-08-22T08:35:15","date_gmt":"2025-08-22T12:35:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lendingtree-announces-closing-of-475-million-credit-facility\/"},"modified":"2025-08-22T08:35:15","modified_gmt":"2025-08-22T12:35:15","slug":"lendingtree-announces-closing-of-475-million-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lendingtree-announces-closing-of-475-million-credit-facility\/","title":{"rendered":"LENDINGTREE ANNOUNCES CLOSING OF $475 MILLION CREDIT FACILITY"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n New Financing Reduces Interest Expense, Removes Cumbersome Covenants, and Increases Operating Flexibility<\/i>\n <\/p>\n

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\n CHARLOTTE, N.C.<\/span>
\n <\/span>, Aug. 22, 2025<\/span><\/span> \/PRNewswire\/ — LendingTree, Inc. (NASDAQ: TREE), the nation’s leading online financial services marketplace, today announced the successful closing of a $475 million<\/span> credit facility, consisting of a new $400 million<\/span> five-year Term Loan B and a $75 million<\/span> revolving credit facility. The financing replaces the company’s existing Term Loan B due 2028 and its loan agreement with Apollo, delivering significant benefits to LendingTree’s capital structure and strategic flexibility.<\/p>\n

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\n \"LendingTree
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“This transaction marks a major milestone in our ongoing efforts to enhance our financial foundation,” said Jason Bengel<\/span>, Chief Financial Officer of LendingTree. “The new facility will reduce our interest expense, eliminate several restrictive covenants from prior agreements, and reward shareholders with a lower cost of capital that is reflective of our improved growth trajectory. Going forward this new facility enables us to operate with more flexibility, invest in the business, and opportunistically repurchase shares.”<\/p>\n

The facility, led by Bank of America as lead left arranger and bookrunner and Truist Securities as joint lead arranger and bookrunner, provides LendingTree with a simplified and more cost-efficient debt profile. Key terms include:<\/p>\n