The Match Group has announced plans to start an offering of $400m senior notes.
The dating giant will be selling “$400m aggregate principal amount of 6.375% senior notes”.
The private offering is being used to repay certain existing debts.
The $400m worth of senior notes will be due in 2024, according to a press release sent out by The Match Group.
The offering is expected to close on June 1st 2016.
Earlier this month, The Match Group released its big first quarter financial results for 2016, beating all revenue expectations with a 21% increase, figures hitting $285.3m for the year’s first quarter.
The strong growth was thanks to a 36% increase in its average paid member count, which was driven by its acquisition of PlentyOfFish and the growth of Tinder’s paid service.
The company also revealed that 1m people around the world are now paying for Tinder, and said it expects this number to double by the end of 2016.
Read more about it here.