Examples of Match Credit Agreement in a sentence
Capitalized terms used but not otherwise defined herein have the meanings set forth in the the Match Credit Agreement and/or IAC Credit Agreement, as applicable, or, if defined in the UCC, the meanings specified therein.
To reflect capitalized fees and expenses of $16.7 million related to the Term Loan Facility and Match Credit Agreement and $7.0 million expensed related to the Match Notes.
The Match Credit Agreement assesses covenant compliance on a pro forma trailing twelve-month basis and provides for adjustments to exclude certain charges not associated with the underlying operating performance of Match Group’s business, including the exclusion of restructuring costs and the addback of the write-off of deferred revenue arising from purchase accounting.
To reflect: (1) the interest expense related to the Match Notes and borrowings under the Term Loan Facility at an assumed combined interest rate of 5.25%; (2) the amortization of fees and expenses related to the Term Loan Facility and the Match Credit Agreement; and (3) fees for maintenance of the Match Credit Agreement and the related income tax effect.
Presented below is the calculation of Pro forma Adjusted EBITDA as per the Match Credit Agreement.
The following table reconciles Pro forma Adjusted EBITDA to Pro forma Adjusted EBITDA as per the Match Credit Agreement.
To reflect $800.0 million of borrowings under the Term Loan Facility and the related application of proceeds: repayment of $185.4 million of related party debt of Match Group; distribution of $540.8 million in cash to IAC/InterActiveCorp; the retention of $50.0 million for general corporate purposes; and the payment of $23.7 million in fees and expenses associated with the Term Loan Facility, the Match Notes and the Match Credit Agreement.