Neutral
Business Wire
1 month ago
Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from $350 million to $600 million. The Term Loan A was upsized by $100 million to $400 million, while the revolving credit facility was upsized by $150 million to $200 million, and the maturities were extended from November 2028 to January 2031. Proceeds will be used to refinance exi.