- Business
- LendingTree, Inc. (NASDAQ: TREE; LSE: 0JTZ) operates an online financial services marketplace that connects U.S. consumers with lenders and providers offering loans, credit products, insurance, and related services; its platform enables comparison shopping for mortgage loans, mortgage refinances, home equity loans and lines of credit (HELOCs), personal loans, auto loans, business loans, student loan refinances, credit cards, deposit accounts including savings accounts, debt consolidation and relief options, and insurance quotes for auto, home, renters, health, and Medicare supplements. The company provides additional tools through its My LendingTree and LendingTree Spring platforms, which deliver free credit scores, monitoring, personalized financial recommendations, budgeting insights, and proactive offer comparisons to improve credit health and identify savings opportunities; it generates revenue primarily through match fees from lenders, closing fees on transactions, and lead generation across its Home, Consumer, and Insurance segments. Founded in 1996 by Doug Lebda and headquartered in Charlotte, North Carolina, LendingTree serves consumers nationwide via its network of over 500 partners and maintains LendingTree, LLC as a key subsidiary.
In August 2025, LendingTree closed a $475 million credit facility comprising a $400 million five-year Term Loan B and a $75 million revolving credit facility arranged by Bank of America and Truist Securities, replacing its prior Term Loan B due 2028 and Apollo loan agreement to reduce interest expenses (SOFR + 450 bps on term loan; SOFR + 350 bps on revolver), eliminate restrictive covenants including minimum cash and AEBITDA requirements, and enhance liquidity and operational flexibility for investments, share repurchases, and growth initiatives. The refinancing supports strategic expansions amid strong segment performance, including a 20% year-over-year increase in Insurance revenue to $203.5 million and segment profit growth of 15% in Q3 2025. These changes strengthen the company's balance sheet, with net leverage at 2.6x, positioning it to pursue opportunities in its diversified fintech model.