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Fly News Breaks for February 24, 2020
TREE
Feb 24, 2020 | 12:20 EDT
Stephens analyst John Campbell reiterated an Overweight rating and $450 price target for LendingTree (TREE), saying that the rumored play by Intuit (INTU) for Credit Karma, LendingTree's top competitor, would be valuation supportive for LendingTree. While nothing has been officially announced by either party, Campbell says he believes that at the implied multiple LendingTree would be worth ~$510 vs. today's price of ~$337.
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.