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.
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