Dotdash Meredith Inc. Completes $400M Private Offering of Senior Secured Notes

Reuters
06-18
Dotdash Meredith Inc. Completes $400M Private Offering of Senior Secured Notes

Dotdash Meredith Inc., a subsidiary of IAC Inc., successfully completed a private offering of $400 million in senior secured notes due 2032, bearing an interest rate of 7.625% per annum. The notes, issued on June 16, 2025, will mature on June 15, 2032, with interest payments due semi-annually starting December 15, 2025. Concurrently, Dotdash Meredith entered into an amendment to their existing credit agreement with JPMorgan Chase Bank, N.A., enhancing their financial arrangements. The indenture governing these notes includes various covenants affecting the company's financial operations.

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: 0001104659-25-060270), on June 17, 2025, and is solely responsible for the information contained therein.

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