Match Group gets $400 million incremental delayed-draw term loan

By Wendy Van Sickle

Columbus, Ohio, March 31 – Match Group amended its credit agreement to provide for a $400 million incremental delayed-draw term loan, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds may be used only to finance the acquisition of Hyperconnect, Inc.

The loan is an additional potential source of funding for the acquisition in the event the company decides to deliver cash instead of some or all the consideration otherwise payable in shares of Match common stock.

No amounts are outstanding under the incremental loan.

JPMorgan Chase Bank, NA is administrative agent.

Match is a Dallas-based provider of dating products.

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