Dotdash Meredith in the amendment and repricing of its $700 million term loan B facility, extending maturity to 2032

On June 16, 2025, IAC Inc. (NASDAQ: IAC) announced that its wholly owned subsidiary, Dotdash Meredith Inc. and certain of DDM’s subsidiaries entered into an amendment to DDM’s senior secured credit agreement to, together with the proceeds of its previously announced senior secured notes offering, refinance the existing approximately $1.2 billion term loan B facility with a new $700 million term loan B facility.  In addition to extending the maturity date of the term loan B facility to 2032, the new facility has reduced interest rates.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to IAC.