Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 42

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 42
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2026 and 2030 Exchangeable Notes are 1.2% and 2.2%, respectively.Exchangeable Notes Hedges and WarrantsIn connection with the Exchangeable Notes offerings, the Company purchased call options allowing the Company to purchase initially (subject to adjustment upon the occurrence of specified events) the same number of shares that would be issuable upon the exchange of the applicable Exchangeable Notes at the price per share set forth below (the “Exchangeable Notes Hedges”), and sold warrants allowing the counterparty to purchase (subject to adjustment upon the occurrence of specified events) shares at the per share price set forth below (the “Exchangeable Notes Warrants”).The Exchangeable Notes Hedges are expected to reduce the potential dilutive effect on the Company’s common stock upon any exchange of notes and/or offset any cash payment Match Group FinanceCo 2, Inc. or Match Group FinanceCo 3, Inc. is required to make in excess of the principal amount of the exchanged notes. The Exchangeable Notes Warrants have a dilutive effect on the Company’s common stock to the extent that the market price per share of the Company’s common stock exceeds their respective strike prices.

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

The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding at December 31, 2024:Number of Shares(a)Approximate Equivalent Exchange Price per Share(a)(Shares in millions)2026 Exchangeable Notes Hedges6.6$87.52 2030 Exchangeable Notes Hedges6.8$84.22 Number of Shares(a)Weighted Average Strike Price per Share(a)(Shares in millions)2026 Exchangeable Notes Warrants6.6$134.76 2030 Exchangeable Notes Warrants6.8$134.82 ______________________(a)Subject to adjustment upon the occurrence of specified events.Long-term debt maturitiesYears Ending December 31,(In thousands)2026$575,000 2027875,000 2028500,000 2029350,000 20301,075,000 2031500,000 Total3,875,000 Less: Unamortized original issue discount2,554 Less: Unamortized debt issuance costs23,463 Total long-term debt, net$3,848,983 

NOTE 8—SHAREHOLDERS