|Bid||149.00 x 200|
|Ask||155.50 x 300|
|Day's Range||155.30 - 157.65|
|52 Week Range||71.34 - 159.75|
|PE Ratio (TTM)||71.25|
|Earnings Date||Jul 26, 2017 - Jul 31, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||163.18|
CHARLOTTE, N.C., May 23, 2017 /PRNewswire/ -- LendingTree, Inc. (TREE) (the "Company"), a leading online loan marketplace, announced today that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of its convertible senior notes due 2022 (the "notes") in a private placement. The Company also expects to grant the initial purchasers a 30-day option to purchase up to an additional $30 million aggregate principal amount of notes. The notes will be senior unsecured obligations of the Company. The notes will pay interest semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2017. Upon conversion, the notes will settle for cash, shares of the Company's common stock, or a combination thereof, at the Company's option.
Q1 2017 LendingTree Inc Earnings Call
More consumers are shifting online in pursuit of loans, and one of LendingTree's fastest growing segments is small-business loans, its CEO said.