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Fly News Breaks for May 3, 2016
TREE
May 3, 2016 | 11:09 EDT
Northland analyst Mike Grondahl expects LendingTree to have a strong March quarter when it reports results tomorrow given lower mortgage rates and increasing demand, solid demand for personal loans, and a strong ramp of credit cards. The analyst expects March quarter revenues of $89.4M versus consensus of $86.6M, EBITDA of $13.9M versus consensus of $13.4M, and adjusted earnings of 67c versus consensus of 74c. Grondahl has a Buy rating on LendignTree 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.