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Fly News Breaks for November 17, 2016
TREE
Nov 17, 2016 | 07:41 EDT
Loop Capital analyst Blake Harper said called the financials of CompareCards "attractive" after LendingTree announced an acquisition deal that Harper believes will accelerate the latter's credit cards business. The analyst has a Buy rating and $110 price target on LendingTree 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.