Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 37

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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31, 2024, there was no value in excess of the principal of each of the 2026 and 2030 Exchangeable Notes outstanding on an if-converted basis using the Company’s stock price on September 30, 2025 and December 31, 2024, respectively.Additionally, all or any portion of the 2026 Exchangeable Notes may be redeemed for cash, at the issuer’s option, at any time, and for the 2030 Exchangeable Notes on or after July 20, 2026, if the last reported sale price of the Company’s common stock has been at least 130% of the exchange price then in effect for at least 20 trading days (whether or not consecutive), including at least one of the five trading days immediately preceding the date on which the notice of redemption is provided, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the applicable issuer provides notice of redemption, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.The following table sets forth the components of the outstanding Exchangeable Notes as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 20242026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes(In thousands)Principal$498,629 $575,000 $575,000 $575,000 Less: Unamortized debt issuance costs1,041 4,798 2,371 5,592 Net carrying value included in current maturities of long-term debt, net$497,588 $— $— $— Net carrying value included in long-term debt, net$— $570,202 $572,629 $569,408 The following table sets forth interest expense recognized related to the Exchangeable Notes:Three Months Ended September 30, 2025Three Months Ended September 30, 20242026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes(In thousands)Contractual interest expense$1,217 $2,875 $1,257 $2,875 Amortization of debt issuance costs362 268 404 261 Total interest expense recognized$1,579 $3,143