Bumble secures $475 million term loan facility with 4-year maturity

Bumble Inc. (NASDAQ: BMBL) subsidiaries entered into a $475 million term loan credit agreement on April 24, 2026, according to a company statement. The facility was arranged through Guggenheim Credit Services as administrative agent, with a maturity date of April 24, 2030.

The loan carries interest rates of either base rate plus 7.00% or Term SOFR plus 8.00%, at the borrower's election. The base rate equals the highest of prime lending rate, Federal Funds Effective Rate plus 0.50%, Term SOFR plus 1.00%, or 3.50%.

The facility requires monthly amortization payments beginning 90 days after closing. Annual payments equal 12.5% of the original principal amount for the first twelve payments, then increase to 15.0% for subsequent payments, with the remaining balance due at maturity.

Prepayment restrictions include a make-whole premium for repayments within two years of closing and a 4.00% penalty for prepayments between the second and third anniversaries. The agreement includes mandatory prepayment requirements for excess cash flow, asset sales, and certain debt proceeds.

The loan is secured by first priority liens on substantially all assets of the borrower and guarantor subsidiaries. Financial covenants require maintaining a consolidated total leverage ratio starting at 3.00:1.00, stepping down to 2.00:1.00 by June 30, 2028. The company must also maintain minimum liquidity of $25 million for five months after closing, then $50 million thereafter.

The facility is guaranteed by Buzz BidCo and certain U.S. subsidiaries, with additional guarantors in England, Ireland and Cyprus to be added post-closing.

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