09:02 AM EDT, 08/22/2025 (MT Newswires) -- LendingTree ( TREE ) said Friday that it has closed a $475 million credit facility consisting of a $400 million five-year term loan B and a $75 million revolving credit facility.

The financing replaces LendingTree's ( TREE ) existing term loan B due in 2028, as well as its loan agreement with Apollo, the company said.

LendingTree ( TREE ) said the facility carries a monthly interest rate of SOFR plus 450 basis points on the term loan and SOFR plus 350 basis points on the revolver, with a 25-basis point reduction in interest margin upon achieving a B2 rating with a stable outlook from Moody's.