Dotdash Meredith Inc., Subsidiary of IAC Inc., Enters New Credit Agreement with JPMorgan

Reuters

05-19

Dotdash Meredith Inc., Subsidiary of <a href="https://laohu8.com/S/IAC">IAC Inc</a>., Enters New Credit Agreement with JPMorgan

Dotdash Meredith Inc., a subsidiary of IAC Inc., has entered into a significant financial agreement to refinance its existing loans. On May 14, 2025, the company finalized an Incremental Assumption Agreement and Amendment No. 2 with JPMorgan Chase Bank, acting as administrative and collateral agent. This amendment to the credit agreement, initially established in December 2021, involves refinancing all outstanding term A loans, now replaced with new revolving facilities and term A loans. The new loans have a maturity date set for May 14, 2030, with terms including variable interest rates based on the company's consolidated net leverage ratio. This strategic financial move aims to optimize Dotdash Meredith's debt structure and support its future growth initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAC Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-050217), on May 19, 2025, and is solely responsible for the information contained therein.

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On May 14, 2025, the company finalized an Incremental Assumption Agreement and Amendment No. 2 with JPMorgan Chase Bank, acting as administrative and collateral agent. This amendment to the credit agreement, initially established in December 2021, involves refinancing all outstanding term A loans, now replaced with new revolving facilities and term A loans. The new loans have a maturity date set for May 14, 2030, with terms including variable interest rates based on the company's consolidated net leverage ratio. This strategic financial move aims to optimize Dotdash Meredith's debt structure and support its future growth initiatives.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAC Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-050217), on May 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nNDLb0lwPx:1","article_id":"2536685815","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536685815","pubTimestamp":1747652494,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Dotdash Meredith Inc., a subsidiary of IAC Inc., has entered into a significant financial agreement to refinance its existing loans. 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This amendment to the credit agreement, initially established in December 2021, involves refinancing all outstanding term A loans, now replaced with new revolving facilities and term A loans. The new loans have a maturity date set for May 14, 2030, with terms including variable interest rates based on the company's consolidated net leverage ratio. This strategic financial move aims to optimize Dotdash Meredith's debt structure and support its future growth initiatives.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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