Grindr Inc. has increased its syndicated revolving credit and term loan facility from $350 million to $600 million, raising the term loan component by $100 million to $400 million and the revolving credit line by $150 million to $200 million. All maturities have been pushed back to January 2031, giving the company a longer horizon to manage debt obligations.
The expansion injects roughly $112 million of cash into Grindr’s balance sheet and, with the revolving line remaining undrawn, provides about $312 million of additional liquidity. This buffer supports working‑capital needs, potential acquisitions, and future capital‑allocation initiatives without the need for immediate refinancing.
Prior to the upgrade, Grindr’s credit facility consisted of a $300 million term loan and a $50 million revolving credit line, maturing in November 2028. By extending the maturity and enlarging the facility, the company reduces near‑term refinancing risk and improves its leverage profile, positioning it to pursue growth opportunities while maintaining a healthy debt‑to‑equity ratio.
Chief Financial Officer John North said the upsized facility “provides us with enhanced liquidity and an extended duration, and will provide further support to long‑term growth investments.” CEO George Arison added that the move “strengthens our capital structure and gives us the flexibility to invest in product innovation and market expansion.”
Grindr’s recent earnings have shown a trajectory of improving profitability: Q3 2025 revenue rose 30% year‑over‑year to $116 million, net income reached $31 million, and adjusted EBITDA climbed to $55 million. The new credit facility aligns with this momentum, giving the company the financial resilience to sustain its growth path and to capitalize on emerging opportunities in the global LGBTQ+ market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.