IAC Inc. (IAC): debt financing — IAC subsidiary Dotdash Meredith refinances $1.18B debt with $400M notes and $700M term loan

IAC Inc.

DDM issued $400M 7.625% Senior Secured Notes due 2032; interest payable semi-annually.
DDM entered a new $700M Term Loan B Facility maturing June 16, 2032, replacing $1.18B existing term loan.
Proceeds from notes and new term loan used to repay all outstanding under the existing term loan B-1 facility.
New term loan bears interest at base rate +2.50% or term benchmark rate +3.50%; no credit spread adjustment.
Notes and term loan secured by first-priority liens on substantially all DDM and guarantor assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IAC Inc. incurred term loan of $700.0 million with JPMorgan Chase Bank, N.A. at 2.50% in the case of base rate loans and 3.50% in the case of term benchmark loa maturing June 16, 2032.

Instrument: term loan
Principal: $700.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: 2.50% in the case of base rate loans and 3.50% in the case of term benchmark loa
Maturity: June 16, 2032
Event: incurrence

Exact text from the filing

enter into a new $700.0 million term loan B facility with a maturity date of June 16, 2032

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IAC Inc. incurred senior notes of $400 million with U.S. Bank Trust Company, National Association at 7.625% per annum maturing June 15, 2032.

Instrument: senior notes
Principal: $400 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.625% per annum
Maturity: June 15, 2032
Event: incurrence

Exact text from the filing

closed its previously announced private offering of $400 million aggregate principal amount of 7.625% Senior Secured Notes due 2032

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41 debt financings filed in the last 30 days. Browse all debt financings →

IAC Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-060270

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