---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-050217"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T01:59:05.376673+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Dotdash Meredith (IAC unit) refinances $350M term loans and $150M revolver, maturing 2030

## Summary
- New $350M Term A Loans replace existing term loans; $150M revolver replaces undrawn existing revolver.
- Maturity set at May 14, 2030, with springing maturity tied to term B-1 loans.
- Interest margins: initial 1.00% base / 2.00% term benchmark, then sliding 0.25%-1.25% / 1.25%-2.25%.
- Quarterly amortization: 5% p.a. through 2027; steps up to 10% in 2028 and 15% in 2029-2030.
- Consolidated net leverage covenant max 5.50x; cash deduction increased from $250M to $330M.

## SEC filing metadata
- accession: 0001104659-25-050217
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000110465925050217/0001104659-25-050217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000110465925050217/tm2514987d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-050217
- JSON: https://secwatch.observer/filing/0001104659-25-050217.json
- Plain text: https://secwatch.observer/filing/0001104659-25-050217.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.