BMBL · Bumble Inc.

Bumble Inc. refinanced its existing credit agreement with a new $475 million term loan and $50 million revolving credit facility on April 24, 2026, providing extended maturities to 2030 and improved liquidity terms. The term loan, provided by Guggenheim-led lenders, carries higher interest rates (SOFR +800bps or base +700bps) reflecting current market conditions for secured debt, with amortization starting after 90 days at 12.5% annually initially, then 15%, and a balloon at maturity. Prepayment protections include a make-whole premium until the second anniversary and a 4% penalty until the third, signaling lender caution on early repayment. The revolving facility, led by Citibank, is super-priority, offering $50 million in commitments with a $10 million LC sublimit, maturing slightly earlier in January 2030. Both facilities share identical covenants, with a total leverage ratio starting at 3.00x and stepping down progressively to 2.00x by mid-2028, tested quarterly from the first full quarter post-closing. A minimum liquidity covenant ramps from $25 million to $50 million after five months, ensuring operational flexibility. Security is pari passu on substantially all U.S. assets, with certain non-U.S. subsidiaries joining as guarantors post-closing. This refinancing eliminates the prior 2020 credit agreement, likely extending maturities and adjusting terms to current environment, enhancing Bumble's capital structure for investors while imposing stricter leverage discipline over time.