Groupon Prepays About $43.1 Million Under Credit Agreement

Groupon prepaid about $43.1 million to terminate all commitments to extend further credit under its credit agreement with lenders.

• Amount included about $42.8 million in principal, $0.1 million in interest, and $0.2 million in fees
• Company was not subject to any early termination penalties
• The payment terminated obligations under the Credit Agreement, except for ordinary and customary survival terms
• Company remitted the Payoff Amount using the proceeds from its $80.0 million fully backstopped rights offering

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Ilya Banares in Toronto at ibanares@bloomberg.net

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