Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 28

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
 readily determinable fair values, are adjusted to fair value when observable price changes are identified or an impairment charge is recognized. Such fair value measurements are based predominantly on Level 3 inputs.Financial instruments measured at fair value only for disclosure purposesThe following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes.March 31, 2025December 31, 2024Carrying ValueFair ValueCarrying ValueFair Value(In thousands)Long-term debt, net (a) (b)$(3,427,164)$(3,187,756)$(3,848,983)$(3,578,976)______________________(a)At March 31, 2025 and December 31, 2024, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $22.8 million and $26.0 million, respectively.(b)At March 31, 2025, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes (described in “Note 4—Long-term Debt, net”) is $551.1 million and $498.7 million, respectively. At December 31, 2024, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes is $541.2 million and $498.0 million, respectively. At March 31, 2025 and December 31, 2024, the fair value of long-term debt, net, is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs.

14

Table of ContentsMATCH GROUP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

NOTE 4—LONG-TERM DEBT, NETLong-term debt consists of:March 31, 2025December 31, 2024(In thousands)Credit Facility due March 20, 2029(a)$— $— Term Loan due February 13, 2027— 425,000 5.00% Senior Notes due December 15, 2027 (the “5.00% Senior Notes”); interest payable each June 15 and December 15450,000 450,000 4.625% Senior Notes due June 1, 2028 (the “4.625