Co-Manager
LendingTree, Inc.
Equity Capital Markets
Follow-On Offering
Transaction Details
- On November 5, 2015, LendingTree, Inc. (NASDAQ: TREE) (“LendingTree,” or the
- “Company”) priced a follow-on offering for a deal value of $97.8 million
- The deal priced 850,000 shares of common stock at $115.00 per share
- 725,000 shares were primary shares offered by the Company
- 125,000 shares were secondary shares offered by a single shareholder
- Proceeds from the offering will be used for general corporate purposes, including but not limited to, working capital and potential acquisitions
- Stephens Inc. served as a Co-Manager on this transaction
About the company
LendingTree, Inc. operates the leading online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from over 400 active lenders (which they refer to as “marketplace lenders”), including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans and other related offerings. LendingTree had $175.9 million of revenue and $28.8 million of adjusted EBITDA for the nine months ended September 30, 2015.
Sources: Company filings and Stephens Inc. internal data.
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This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link http://www.sec.gov/Archives/edgar/data/1434621/000119312515370402/d79038d424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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The offering of the convertible notes was made only by means of an offering memorandum in a private offering to qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933). The notes and the shares of the Company’s common stock issuable upon conversion of the notes, if any, have not been registered under the Securities Act of 1933 or any state securities laws and the Company does not intend to file a shelf registration statement for resale of the notes or such common stock, if any.