{"id":920414,"date":"2025-12-16T17:44:05","date_gmt":"2025-12-16T22:44:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\/"},"modified":"2025-12-16T17:44:05","modified_gmt":"2025-12-16T22:44:05","slug":"grindr-amends-extends-and-upsizes-credit-facility-to-600-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\/","title":{"rendered":"Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million"},"content":{"rendered":"

<\/p>\n

Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million<\/b><\/p>\n

WEST HOLLYWOOD, Calif.–(BUSINESS WIRE<\/a>)–
\nGrindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket\u2122, today announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from $350 million to $600 million. The Term Loan A was upsized by $100 million to $400 million, while the revolving credit facility was upsized by $150 million to $200 million, and the maturities were extended from November 2028 to January 2031.\n<\/p>\n

\nProceeds will be used to refinance existing debt and for general corporate purposes. At closing, Grindr will add approximately $112 million of cash to its balance sheet, with the revolving credit facility remaining undrawn, resulting in approximately $312 million of total additional liquidity.\n<\/p>\n

\n“We are pleased to successfully execute this transaction with the support of our existing bank group including J.P. Morgan, Bank of America, Capital One, Citizens Bank, and Silicon Valley Bank, along with two new lender partners, U.S. Bank and Wells Fargo. The upsized facility provides us with enhanced liquidity and an extended duration, and will provide further support to long-term growth investments,” said John North, Chief Financial Officer of Grindr.\n<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis press release contains statements that may constitute forward-looking statements within the meaning of the federal securities laws and within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by the use of terminology such as \u201canticipates,\u201d \u201capproximately,\u201d \u201cbelieves,\u201d \u201ccontinues,\u201d \u201ccould,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cgoal,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201coutlook,\u201d \u201cplans,\u201d \u201cpotential,\u201d \u201cpredicts,\u201d \u201cprojects,\u201d \u201cseeks,\u201d \u201cshould,\u201d \u201cupcoming,\u201d \u201cwill\u201d or the negative version of these words or other comparable words or phrases. These forward-looking statements include, among others, the expected use of proceeds, including being utilized to support long-term growth investments. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from expectations discussed in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including those discussed in the section titled \u201cRisk Factors\u201d in annual reports on Form 10-K and quarterly reports on Form 10-Q that we file with the Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and you should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, we are under no obligation (and expressly disclaim any such obligation) to update or revise our forward-looking statements, whether as a result of new information, future events, or otherwise.\n<\/p>\n

About Grindr Inc.<\/b><\/p>\n

\nWith over 15 million average monthly active users, Grindr has grown to become the Global Gayborhood in Your Pocket\u2122, on a mission to make a world where the lives of our global community are free, equal, and just. Available in 190+ countries and territories, Grindr is often the primary way for its users to connect, express themselves, and discover the world around them. Since 2015, Grindr for Equality has advanced human rights, health, and safety for millions of LGBTQ+ people in partnership with organizations in every region of the world. Grindr has offices in West Hollywood, the Bay Area, Chicago, and New York. The Grindr app is available on the App Store and Google Play.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251216268452\/en\/<\/a><\/span><\/p>\n

Investors:
\n<\/b>
IR@grindr.com<\/a><\/p>\n

Media:
\n<\/b>
Press@grindr.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consumer Technology Apps\/Applications LGBTQ+ Software<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million WEST HOLLYWOOD, Calif.–(BUSINESS WIRE)– Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket\u2122, today announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from $350 million to $600 million. The Term Loan A was upsized by $100 million to $400 million, while the revolving credit facility was upsized by $150 million to $200 million, and the maturities were extended from November 2028 to January 2031. Proceeds will be used to refinance existing debt and for general corporate purposes. At closing, Grindr will add approximately $112 million of cash to its balance sheet, with the revolving credit facility remaining undrawn, resulting in approximately $312 … <\/p>\n

Continue reading “Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-920414","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGrindr Amends, Extends, and Upsizes Credit Facility to $600 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million WEST HOLLYWOOD, Calif.–(BUSINESS WIRE)– Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket\u2122, today announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from $350 million to $600 million. The Term Loan A was upsized by $100 million to $400 million, while the revolving credit facility was upsized by $150 million to $200 million, and the maturities were extended from November 2028 to January 2031. Proceeds will be used to refinance existing debt and for general corporate purposes. At closing, Grindr will add approximately $112 million of cash to its balance sheet, with the revolving credit facility remaining undrawn, resulting in approximately $312 … Continue reading "Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-16T22:44:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20251216268452r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million\",\"datePublished\":\"2025-12-16T22:44:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\\\/\"},\"wordCount\":620,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20251216268452r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/grindr-amends-extends-and-upsizes-credit-facility-to-600-million\\\/\",\"name\":\"Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million - 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