Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 41

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 41
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 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 December 31, 2024 and 2023:December 31, 2024December 31, 20232026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes(In thousands)Principal$575,000 $575,000 $575,000 $575,000 Less: unamortized debt issuance costs2,371 5,592 3,976 6,630 Net carrying value included in long-term debt, net$572,629 $569,408 $571,024 $568,370 

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

The following table sets forth interest expense recognized related to the Exchangeable Notes for the years ended December 31, 2024, 2023, and 2022:Year Ended December 31, 20242026 Exchangeable Notes2030 Exchangeable Notes(In thousands)Contractual interest expense$5,031 $11,500 Amortization of debt issuance costs1,605 1,038 Total interest expense recognized$6,636 $12,538 Year Ended December 31, 20232026 Exchangeable Notes2030 Exchangeable Notes(In thousands)Contractual interest expense$5,031 $11,500 Amortization of debt issuance costs1,586 1,015 Total interest expense recognized$6,617 $12,515 Year Ended December 31, 20222022 Exchangeable Notes(a)2026 Exchangeable Notes2030 Exchangeable Notes(In thousands)Contractual interest expense$366 $5,031 $11,500 Amortization of debt issuance costs401 1,568 993 Total interest expense recognized$767 $6,599 $12,493 ______________________(a)The outstanding balance of the 2022 Exchangeable Notes was fully redeemed during the year ended December 31, 2022.The effective interest rates for the