LendingTree closes $475 million credit facility

LendingTree  has closed a $475 million credit facility, made up of a new $400 million five-year Term Loan B and a $75 million revolving credit facility. The financing replaces its existing Term Loan B due 2028 and a loan agreement with Apollo, simplifying the company’s debt profile and reducing costs.

The new structure lowers interest expenses, removes restrictive covenants tied to Apollo, and restores flexibility for share repurchases and strategic investments.

Proceeds will be used to refinance existing debt and for general corporate purposes.

When it comes to insurance, LendingTree has steadily expanded its footprint since acquiring QuoteWizard for $300 million in 2018. In Q2 2025, the company reported revenue of $250.1 million, up 19% year-over-year, with its Insurance segment delivering standout growth of 21%.