Dotdash Meredith Announces $400 Million Senior Secured Notes Offering

Reuters

06-06

Dotdash Meredith Announces $400 Million Senior Secured Notes Offering

IAC Inc.'s wholly owned subsidiary, Dotdash Meredith Inc. $(DDM)$, has announced an agreement to sell $400 million in senior secured notes, carrying an interest rate of 7.625% and due in 2032. The proceeds from this private offering, in conjunction with a new $700 million term loan B facility and existing cash, will be used to repay DDM's current $1.18 billion term loan B-1 facility, alongside covering related fees and expenses. The completion of the offering and the new loan facility is anticipated around June 16, 2025, pending customary closing conditions.

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 PR Newswire (Ref. ID: NY04406) on June 05, 2025, and is solely responsible for the information contained therein.

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The proceeds from this private offering, in conjunction with a new $700 million term loan B facility and existing cash, will be used to repay DDM's current $1.18 billion term loan B-1 facility, alongside covering related fees and expenses. The completion of the offering and the new loan facility is anticipated around June 16, 2025, pending customary closing conditions.\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. <a href=\"https://laohu8.com/S/IACVV\">IAC Inc</a>. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY04406) on June 05, 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":"IAC","symbol_name":"IAC Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250605:nNDLbgKGs4:1","article_id":"2541006734","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541006734","pubTimestamp":1749157218,"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":"IAC Inc.'s wholly owned subsidiary, Dotdash Meredith Inc. , has announced an agreement to sell $400 million in senior secured notes, carrying an interest rate of 7.625% and due in 2032. 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The proceeds from this private offering, in conjunction with a new $700 million term loan B facility and existing cash, will be used to repay DDM's current $1.18 billion term loan B-1 facility, alongside covering related fees and expenses. The completion of the offering and the new loan facility is anticipated around June 16, 2025, pending customary closing conditions.\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. IAC Inc. published the original content used to generate this news brief via PR Newswire (Ref. 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