Cahill Represents Debt Financing Sources in Spin-Off of Match Group, Inc. from IAC/InterActiveCorp
Date: 11/16/15
Cahill represented the debt financing sources in connection with the spin-off of Match Group, Inc. (owner of Tinder, OkCupid and other online dating services) from its parent, IAC/InterActiveCorp., a leading media and Internet company.
Cahill represented JPMorgan Chase Bank, N.A. as administrative agent, J.P. Morgan Securities LLC as lead arranger, and the other arrangers in connection with an $800,000,000 Term B loan and $500,000,000 revolving credit facility for Match Group, Inc.
Cahill also represented BofA Merrill Lynch as lead dealer manager and solicitation agent and the co-managers in an exchange offer and consent solicitation of any and all of the outstanding 4.75% Senior Notes due 2022 issued by IAC/InterActiveCorp for new 6.75% Senior Notes due 2022 issued by Match Group, Inc.
Cahill also represented the arrangers in the $300,000,000 amended and restated revolving credit facility for IAC/InterActiveCorp.