Grindr Secures $400 Million Term Loan and Expands Credit Facility with JPMorgan Chase

Reuters12-17 06:16

Grindr Secures $400 Million Term Loan and Expands Credit Facility with JPMorgan Chase

Grindr Inc. has amended its existing credit agreement with JPMorgan Chase Bank and a group of lenders, increasing its senior secured term loan facility from $300 million to $400 million and expanding its revolving credit facility from $50 million to $200 million. The letter of credit sublimit was also raised from $15 million to $45 million. The maturity date for both facilities has been extended from November 28, 2028, to January 1, 2031. Under the new terms, Grindr borrowed the full amount of the term loan facility on December 16, 2025, using part of the proceeds to repay previous obligations and for general corporate purposes, including permitted acquisitions and working capital. The revolving facility remains undrawn as of the amendment date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grindr Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-045703), on December 16, 2025, and is solely responsible for the information contained therein.

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The letter of credit sublimit was also raised from $15 million to $45 million. The maturity date for both facilities has been extended from November 28, 2028, to January 1, 2031. Under the new terms, Grindr borrowed the full amount of the term loan facility on December 16, 2025, using part of the proceeds to repay previous obligations and for general corporate purposes, including permitted acquisitions and working capital. The revolving facility remains undrawn as of the amendment date.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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ID: 0001140361-25-045703), on December 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592940958","isCrawlerRequest":true}