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Fly News Breaks for December 23, 2015
TREE
Dec 23, 2015 | 09:49 EDT
Needham expects Lendingtree to benefit from cross-selling, up-selling, and its conversion rates which are 60% higher than generic leads, according to the firm. Needham keeps a $140 price target and Buy rating on the shares.
News For TREE From the Last 2 Days
TREE
Mar 27, 2024 | 16:18 EDT
LendingTree has secured up to $175M in financing in the form of a first lien term loan facility from funds managed by Apollo affiliates. LendingTree intends to draw $125M of the facility upon funding while the remainder will be available as a delayed draw during the following 12 months. The funds will be used for general corporate purposes, which may include repayment of existing debt.