{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-060270","form_type":"8-K","ticker":"IAC","cik":"0001800227","company_name":"IAC Inc.","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.763777+00:00","generated_at":"2026-05-19T04:58:22.796571+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"IAC subsidiary Dotdash Meredith refinances $1.18B debt with $400M notes and $700M term loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-060270","json":"https://secwatch.observer/filing/0001104659-25-060270.json","markdown":"https://secwatch.observer/filing/0001104659-25-060270.md","text":"https://secwatch.observer/filing/0001104659-25-060270.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465925060270/0001104659-25-060270-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465925060270/tm2517978d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T04:58:22.796571+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0097c6010d691f186421f229e3539e528df60844","claim":"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.","evidence_excerpt":"enter into a new $700.0 million term loan B facility with a maturity date of June 16, 2032","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465925060270/0001104659-25-060270-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$700.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"2.50% in the case of base rate loans and 3.50% in the case of term benchmark loa"},{"label":"Maturity","value":"June 16, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b8bb03712c18e96af1fd7dcd9b2c64a079ff8d5c","claim":"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.","evidence_excerpt":"closed its previously announced private offering of $400 million aggregate principal amount of 7.625% Senior Secured Notes due 2032","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465925060270/0001104659-25-060270-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.625% per annum"},{"label":"Maturity","value":"June 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}