04:59 PM EDT, 03/27/2024 (MT Newswires) -- LendingTree ( TREE ) said late Wednesday that it has obtained a first lien term loan facility of up to $175 million from funds managed by Apollo affiliates.

The firm said it plans to draw $125 million of the facility while the remainder will be available during the following 12 months.

The funds will be used for general corporate purposes, including repayment of existing debt, Lending Tree added.

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