Dotdash Meredith reprices $1.18B term loans; margin cut by 50 bps

IAC Inc.

$1,182,500,000 in existing term B loans replaced with new term B loans at reduced interest rate margin.
Interest margin reduced to 2.50% (base rate) and 3.50% (benchmark), down from 3.00% and 4.00%.
$30M prepayment of existing term B loans made immediately prior to amendment effective date.
Maturity unchanged at December 1, 2028; amendment effective November 26, 2024.

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