Bankrate, Inc. Announces Pricing of Senior Unsecured Notes Offering

     Bankrate, Inc. Announces Pricing of Senior Unsecured Notes Offering

PR Newswire

NEW YORK, Aug. 2, 2013

NEW YORK, Aug. 2, 2013 /PRNewswire/ -- Bankrate, Inc. (NYSE: RATE; the
"Company") today announced that it has agreed to sell $300 million of 6.125%
senior unsecured notes due 2018 (the "New Notes") to investors at 98.938% of
par value in a private offering. The New Notes will be guaranteed by all of
the Company's domestic subsidiaries. The offering is expected to close on
August 7, 2013.

(Logo: http://photos.prnewswire.com/prnh/20040122/FLTHLOGO)

The Company intends to use the net proceeds from the offering to redeem all of
the Company's existing 11¾% Senior Secured Notes due 2015, $195 million of
which are currently outstanding, in accordance with their terms, and to pay
fees and expenses in connection with the offering and the redemption, with the
balance to be used for general corporate purposes.

The offering is being made only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to certain non-U.S. persons in accordance with
Regulation S under the Securities Act. The New Notes will not be registered
under the Securities Act or any state securities laws and may not be offered
or sold without registration unless an exemption from such registration is
available.

This press release does not constitute an offer to sell the New Notes, a
solicitation of an offer to purchase the New Notes, an offer to purchase the
existing notes or a solicitation of an offer to sell the existing notes.

About Bankrate, Inc.
Bankrate is a leading publisher, aggregator and distributor of personal
finance content on the Internet. Bankrate provides consumers with proprietary,
fully researched, comprehensive, independent and objective personal finance
editorial content across multiple vertical categories including mortgages,
deposits, insurance, credit cards, and other categories, such as retirement,
automobile loans, and taxes. The Bankrate network includes our flagship
website, and other owned and operated personal finance websites, including,
but not limited to, CreditCards.com, Interest.com, Bankaholic.com,
Mortgage-calc.com, CreditCardGuide.com, InsuranceQuotes.com,
CarInsuranceQuotes.com, AutoInsuranceQuotes.com, InsureMe.com, and
NetQuote.com. Bankrate aggregates rate information from over 4,800
institutions on more than 300 financial products. With coverage of
approximately 600 local markets in all 50 U.S. states, Bankrate generates over
172,000 distinct rate tables capturing, on average, over three million pieces
of information weekly. Bankrate develops and provides web services to over 75
co-branded websites with online partners, including some of the most trusted
and frequently visited personal finance sites on the Internet such as Yahoo!,
CNN Money, CNBC and Comcast. In addition, Bankrate licenses editorial content
to over 100 newspapers on a daily basis including The Wall Street Journal, USA
Today, The New York Times, The Los Angeles Times and The Boston Globe.

Forward-Looking Statements
This news release contains forward-looking statements that involve a number of
risks and uncertainties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking
statements. Forward-looking statements are based on management's beliefs, as
well as assumptions made by, and information currently available to,
management. Because such statements are based on expectations as to future
events and are not statements of fact, actual results may differ materially
from those projected. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law. The risks and uncertainties
which forward-looking statements are subject to include, but are not limited
to, statements regarding the Company's expectations to complete the sale of
the New Notes and how the Company will use the proceeds of the offering and
other risks detailed in the "Cautionary Statement Concerning Forward-Looking
Statements," "Risk Factors" and other sections of the Company's Annual Report
on Form 10-K for the year ended December 31, 2012 and other filings with the
SEC.

For more information contact:
Edward J. DiMaria
SVP, Chief Financial Officer
edimaria@bankrate.com
(917) 368-8608

Bruce J. Zanca
SVP, Chief Communications/Marketing Officer
bzanca@bankrate.com
(917) 368-8648

SOURCE Bankrate, Inc.

Website: http://www.bankrate.com
 
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