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.
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