- Match Group Inc (NASDAQ:MTCH) announced plans to initiate a registered direct equity offering.
- Match subsidiary, Match Group Holdings II, LLC also plans to offer $500 million senior notes due 2031 in a private institutional placement.
- The offering proceeds will help to repurchase 0.875% exchangeable senior notes due 2022 under privately negotiated agreements.
- Match held $3.8 billion in long-term debt as of June 30.
- Price Action: MTCH shares traded higher by 0.97% at $153.40 in the market session on the last check Wednesday.
Merchants & Marine Bank Promotes Jeff Trammell To COO
The board of directors of Merchants & Marine Bank, a wholly owned subsidiary of Merchants & Marine Bancorp (OTCQX: MNMB), announced the promotion of Jeff Trammell to the position of COO.
