---
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"
generated_at: "2026-05-19T04:58:22.796571+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# IAC subsidiary Dotdash Meredith refinances $1.18B debt with $400M notes and $700M term loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-060270
- JSON: https://secwatch.observer/filing/0001104659-25-060270.json
- Plain text: https://secwatch.observer/filing/0001104659-25-060270.txt

## Key facts
- Debt Financings
  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
  source text: enter into a new $700.0 million term loan B facility with a maturity date of June 16, 2032
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465925060270/0001104659-25-060270-index.htm
- Debt Financings
  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
  source text: closed its previously announced private offering of $400 million aggregate principal amount of 7.625% Senior Secured Notes due 2032
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465925060270/0001104659-25-060270-index.htm

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