Loan & DebtApr 24, 2026, 04:07 PM
Bumble Subsidiaries Secure $475M Term Loan Facility
AI Summary
Bumble Inc. subsidiaries, Buzz BidCo, L.L.C. and Buzz Finco L.L.C., entered into a new Term Loan Credit Agreement on April 24, 2026. This agreement provides a Term Loan Facility totaling $475.0 million. The loan will amortize in monthly installments, with 12.5% of the principal paid annually for the first year and 15.0% thereafter, with the remaining balance due on April 24, 2030. Interest will be charged at either a Base Rate plus 7.00% or Term SOFR plus 8.00%.
Key Highlights
- Bumble subsidiaries secured a $475.0 million Term Loan Facility.
- Loan amortizes monthly: 12.5% annually for first year, then 15.0%.
- Balance due on April 24, 2030.
- Interest rate: Base Rate + 7.00% or Term SOFR + 8.00%.