Moody's says LendingTree's raise of private capital ahead of upcoming 2025 note maturity is credit positive
Moody's Ratings ("Moody's") said LendingTree, Inc.'s (LendingTree or the Company, Caa1 negative) raise of a 7-year, $175 million first-lien term loan due 2031 (the financing) is a potential credit positive. Moody's expects the company to use the net proceeds, plus internal sources of liquidity (most...LendingTree operates the online consumer platform. Services include mortgage loans, mortgage refinances, home equity loans and lines of credit, auto loans, and other related offerings. The company's segments include: Home, in which it partners with lenders throughout the United States to provide geographic lending coverage and to provide a suite of loan offerings on its marketplace; Consumer which provides consumer lending products on its online marketplace and non-lending Consumer products; and Insurance, which includes information, tools and access to insurance quote products, including home and automobile, through which consumers are matched with insurance aggregators to obtain insurance offers.
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