LendingTree Secures Up To $175M In Financing In The Form Of First Lien Term Loan Facility From Funds Managed By Apollo Affiliates
Portfolio Pulse from Benzinga Newsdesk
LendingTree has secured up to $175 million in financing through a first lien term loan facility from funds managed by Apollo affiliates. The company plans to draw $125 million immediately, with the remainder available for the next 12 months. The funds are intended for general corporate purposes, including potentially repaying existing debt.

March 27, 2024 | 8:16 pm
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LendingTree secures a significant financing deal, enhancing its liquidity and potentially improving its debt profile.
The financing deal directly impacts LendingTree by providing a substantial amount of liquidity, which can be used for various corporate purposes including debt repayment. This influx of funds is likely to be viewed positively by investors as it enhances the company's financial flexibility and potentially improves its debt profile, which can lead to a positive short-term impact on the stock price.
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