Davis Polk advised Match Group, Inc., as borrower, in connection with amendment no. 6 to its credit agreement dated as of October 7, 2015, among Match Group, Inc., the administrative agent and the other parties thereto.
Pursuant to this credit agreement, the existing revolving credit facility was increased to $750 million and such revolving credit facility and the existing $425 million term loan facility were amended to provide for an extended maturity date and a reduced applicable margin.
Match Group, Inc., through its portfolio companies, is a leading provider of dating products available globally. Match Group, Inc.’s portfolio of brands include Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish and OurTime, as well as a number of other brands, each designed to increase its users’ likelihood of finding a meaningful connection. Through its portfolio companies and trusted brands, Match Group, Inc. provides tailored products to meet the varying preferences of its users. Match Group, Inc.’s products are available in over 40 languages to users all over the world.
The Davis Polk finance team included partner Meyer C. Dworkin (Picture) and associates Phoebe Jin and Adela Troconis. Counsel Sarah E. Kim and associate Allison Gunther provided 1940 Act advice.
Involved fees earner: Meyer Dworkin – Davis Polk & Wardwell; Allison Gunther – Davis Polk & Wardwell; Phoebe Jin – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell; Adela Troconis – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Match Group;