• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    IAC Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

    6/17/25 4:30:19 PM ET
    $IAC
    Computer Software: Programming Data Processing
    Technology
    Get the next $IAC alert in real time by email
    false 0001800227 0001800227 2025-06-16 2025-06-16 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported): June 16, 2025

     

    IAC INC.

    (Exact name of registrant as specified in charter)

     

    Delaware  001-39356  82-3727412
    (State or other jurisdiction  (Commission  (IRS Employer
    of incorporation)  File Number)  Identification No.)

     

    555 West 18th Street, New York, NY  10011
    (Address of principal executive offices)  (Zip Code)

     

    Registrant’s telephone number, including area code:     (212) 314-7300

     

    (Former name or former address, if changed since last report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class Trading Symbol(s)

    Name of each exchange on which registered

    Common Stock, par value $0.0001 IAC The Nasdaq Stock Market LLC
        (Nasdaq Global Select Market)

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ¨

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

     

     

     

     

     

     

    Item 1.01Entry into a Material Definitive Agreement.

     

    Indenture

     

    On June 16, 2025 (the “Closing Date”), Dotdash Meredith Inc. (“DDM”), an indirect wholly owned subsidiary of IAC Inc. (the “Company”) closed its previously announced private offering of $400 million aggregate principal amount of 7.625% Senior Secured Notes due 2032 (the “Notes”).

     

    The Notes were offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The offering of the Notes has not been registered under the Securities Act or any state securities laws and the Notes may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or in a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

     

    The Notes are governed by the terms of an indenture, dated as of the Closing Date (the “Indenture”), between DDM, the subsidiary guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”) and notes collateral agent. The Notes bear interest at a rate of 7.625% per annum, payable semi-annually in cash in arrears on each June 15 and December 15 of each year, commencing on December 15, 2025. The Notes will accrue interest from the Closing Date and will mature on June 15, 2032. The Notes were issued at 100% of their face value.

     

    The Notes will be jointly and severally unconditionally guaranteed on a senior secured basis by each of DDM’s existing and future direct and indirect wholly-owned material domestic restricted subsidiaries (other than certain excluded subsidiaries) that guarantees or is or becomes a borrower under DDM’s Amended Credit Agreement (as defined below) (or certain replacements thereof) or that guarantees certain capital markets indebtedness or certain other indebtedness of DDM or any guarantor of the Notes.

     

    The Notes and the guarantees thereof will be secured on a pari passu basis (subject to permitted liens and certain other exceptions) by a first-priority lien on substantially all of the assets of DDM and its subsidiary guarantors that secure indebtedness under the Amended Credit Agreement.

     

    The Indenture contains a number of covenants that restrict DDM’s ability and the ability of certain of DDM’s subsidiaries to take specified actions, including, among other things (and subject to certain exceptions): (i) creating liens, (ii) incurring indebtedness, (iii) making investments and acquisitions, (iv) engaging in mergers, dissolutions and other fundamental changes, (v) making dispositions, (vi) making restricted payments (including dividends and certain prepayments of junior debt, if any), (vii) consummating transactions with affiliates, (viii) placing restrictions on distributions from subsidiaries, and (ix) fiscal period changes.

     

    The Indenture also contains customary events of default (subject in certain cases to customary grace and cure periods).

     

    The above description of the Indenture and the Notes is a summary only and is qualified in its entirety by reference to the Indenture, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.

     

    Credit Agreement

     

    On the Closing Date, DDM also entered into the Amendment No. 3 to Credit Agreement and Second Amendment to Security Agreement (the “Amendment”) among DDM, the lenders and other parties thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the “Agent”), amending that certain Credit Agreement, dated as of December 1, 2021 (as previously amended, supplemented or modified, the “Credit Agreement”, and as amended by the Amendment, the “Amended Credit Agreement”), by and among DDM, the lenders and other parties thereto and the Agent.

     

     

     

     

    The Amendment amended the Credit Agreement to, among other things, enter into a new $700.0 million term loan B facility with a maturity date of June 16, 2032 (the “New Term Loan B Facility”) to replace the existing $1.18 billion term loan B facility (the “Existing Term Loan B-1 Facility”). Proceeds of the Notes together with the New Term Loan B Facility were used to repay all of the indebtedness outstanding under DDM’s Existing Term Loan B-1 Facility and to pay related fees and expenses.

     

    Borrowings under the New Term Loan B Facility bear interest at DDM’s option at either (a) a base rate or (b) the applicable term benchmark rate, in each case plus an applicable margin. The applicable margin is 2.50% in the case of base rate loans and 3.50% in the case of term benchmark loans. There is no credit spread adjustment applicable to borrowings under the New Term Loan B Facility.

     

    The New Term Loan B Facility requires scheduled quarterly amortization payments (commencing on March 31, 2026) in an amount equal to a per annum rate of 1%, as a percentage of the original closing balance of the term B loans incurred thereunder, with the remaining balance to be paid at maturity.

     

    DDM may voluntarily repay outstanding term B loans under the Amended Credit Agreement at any time, without prepayment premium or penalty, except in connection with a repricing event in respect of the term B loans outstanding under the New Term Loan B Facility prior to the date occurring six months after the Closing Date, subject to customary “breakage” costs. Any prepayment or repayment with the proceeds of, or conversion of all or any portion of the term B loans outstanding under the New Term Loan B Facility into, any new or replacement term loans, or any repricing amendment in respect thereof, in either case, that constitutes a “repricing event” applicable to the term B loans outstanding under the New Term Loan B Facility, will be accompanied by a 1.00% prepayment premium or fee, as applicable.

     

    All obligations under the Amended Credit Agreement will be guaranteed by each of DDM’s existing and future direct and indirect, wholly owned material domestic subsidiaries, subject to certain exceptions. The obligations under the Amended Credit Agreement will be secured by a first-priority lien on substantially all of DDM’s assets and the assets of DDM’s subsidiaries that guarantee the obligations under the Amended Credit Agreement, subject to certain exceptions and limitations and liens permitted by the Amended Credit Agreement, which assets will also secure the Notes.

     

    The Amended Credit Agreement contains a number of covenants that restrict DDM’s ability and the ability of certain of DDM’s subsidiaries to take specified actions, including, among other things (and subject to certain exceptions): (i) creating liens, (ii) incurring indebtedness, (iii) making investments and acquisitions, (iv) engaging in mergers, dissolutions and other fundamental changes, (v) making dispositions, (vi) making restricted payments (including dividends and certain prepayments of junior debt, if any), (vii) consummating transactions with affiliates, (viii) entering into sale-leaseback transactions, (ix) placing restrictions on distributions from subsidiaries, and (x) fiscal period changes.

     

    The Amended Credit Agreement also contains customary events of default (subject in certain cases to customary grace and cure periods).

     

    The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

     

    Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

     

    The information set forth above in Item 1.01 of this Current Report on Form 8-K under the headings “Indenture” and “Credit Agreement” is incorporated by reference into this Item 2.03.

     

     

     

     

    Item 9.01Financial Statements and Exhibits.

     

    (d)Exhibits.

     

    Exhibit
    No.
    Description
       
    4.1 Indenture, dated as of June 16, 2025, between Dotdash Meredith Inc. and U.S. Bank Trust Company, National Association, as Trustee
    10.1 Third Amendment to Credit Agreement, dated June 16, 2025, among Dotdash Meredith Inc., JPMorgan Chase Bank N.A., as administrative agent, collateral agent, issuing bank, and the other lenders party thereto
    104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.

     

      IAC INC.
       
    June 17, 2025 By: /s/ Kendall Handler
        Kendall Handler
        Executive Vice President, Chief Legal Officer & Secretary

     

     

     

    Get the next $IAC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $IAC

    DatePrice TargetRatingAnalyst
    3/21/2025$60.00Overweight
    Analyst
    12/10/2024$68.00 → $54.00Overweight → Neutral
    Piper Sandler
    7/9/2024$78.00Mkt Outperform
    JMP Securities
    2/15/2023$46.00 → $54.00Sell → Neutral
    UBS
    12/13/2022$60.00Buy
    Citigroup
    12/2/2022$46.00Sell
    UBS
    2/22/2022$195.00 → $173.00Outperform
    BMO Capital
    2/17/2022$161.00 → $167.00Outperform
    Credit Suisse
    More analyst ratings

    $IAC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Analyst resumed coverage on IAC Inc. with a new price target

      Analyst resumed coverage of IAC Inc. with a rating of Overweight and set a new price target of $60.00

      3/21/25 8:11:05 AM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • IAC Inc. downgraded by Piper Sandler with a new price target

      Piper Sandler downgraded IAC Inc. from Overweight to Neutral and set a new price target of $54.00 from $68.00 previously

      12/10/24 6:53:26 AM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • JMP Securities initiated coverage on IAC Inc. with a new price target

      JMP Securities initiated coverage of IAC Inc. with a rating of Mkt Outperform and set a new price target of $78.00

      7/9/24 7:47:35 AM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology

    $IAC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • IAC Inc. Announces Pricing of Offering of Senior Secured Notes of Dotdash Meredith

      NEW YORK, June 5, 2025 /PRNewswire/ -- IAC Inc. (NASDAQ:IAC) ("IAC") announced today that its wholly owned subsidiary, Dotdash Meredith Inc. ("DDM"), has agreed to sell $400 million aggregate principal amount of 7.625% senior secured notes due 2032 (the "Notes") in a private offering (the "Offering").  The Notes will bear interest at an interest rate of 7.625% per annum and will be issued at 100.00% of their face value.  DDM's obligations under the Notes will be guaranteed on a senior secured basis by certain of DDM's subsidiaries. DDM intends to use the proceeds of the offeri

      6/5/25 5:00:00 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • Care.com Debuts Bold New Look and Enhanced Product Experience, Unlocking the Brand's Next Chapter

      Today, Care.com, one of the largest online marketplaces to find family care and care jobs, announced a robust rebrand, unveiling a new visual identity and an improved user experience to usher the company into its next phase of growth. This transformation marks the most significant brand evolution in the company's 18-year history and reflects a deepened commitment to meeting the evolving needs of a new generation of families and caregivers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250602094521/en/ This comes on the heels of Care.com's 2025 Cost of Care Report uncovering significant mental strain on parents. Released today,

      6/2/25 9:00:00 AM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • IAC to Participate in the 53rd Annual TD Cowen Technology, Media and Telecom Conference

      NEW YORK, May 21, 2025 /PRNewswire/ -- IAC (NASDAQ:IAC) will participate in the 53rd Annual TD Cowen Technology, Media and Telecom Conference on Thursday, May 29, 2025. Christopher Halpin, Executive Vice President, CFO and COO of IAC will participate in a fireside chat at 9:05 a.m. ET. Both a live audio webcast and replay of the fireside chat will be available to the public in the IR section of IAC's website at https://ir.iac.com/events-and-presentations.  About IAC IAC (NASDAQ:IAC) builds companies.  We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands.  From the single seed that started as IAC over two decades ago have emer

      5/21/25 4:10:00 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology

    $IAC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Eisner Michael D was granted 343 shares, increasing direct ownership by 0.20% to 170,711 units (SEC Form 4)

      4 - IAC Inc. (0001800227) (Issuer)

      7/2/25 5:38:30 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • Director Clinton Chelsea was granted 167 shares, increasing direct ownership by 0.21% to 80,633 units (SEC Form 4)

      4 - IAC Inc. (0001800227) (Issuer)

      7/2/25 5:33:02 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • Director Seferian Maria was granted 335 shares, increasing direct ownership by 8% to 4,392 units (SEC Form 4)

      4 - IAC Inc. (0001800227) (Issuer)

      7/2/25 5:28:40 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology

    $IAC
    SEC Filings

    See more
    • SEC Form 11-K filed by IAC Inc.

      11-K - IAC Inc. (0001800227) (Filer)

      6/25/25 4:00:53 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • IAC Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - IAC Inc. (0001800227) (Filer)

      6/23/25 4:15:59 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • IAC Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - IAC Inc. (0001800227) (Filer)

      6/17/25 4:30:19 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology

    $IAC
    Leadership Updates

    Live Leadership Updates

    See more
    • IAC Nominates Tor R. Braham to Board of Directors

      Implements Corporate Governance Enhancements Follows Constructive Engagement with Arkhouse NEW YORK, April 29, 2025 /PRNewswire/ -- IAC (NASDAQ:IAC) today announced that it intends to add Tor R. Braham to its Board of Directors in connection with the Company's 2025 Annual Meeting of Stockholders. "We look forward to welcoming Tor Braham to the Board," said Bonnie Hammer, Chair of the Board's Nominating Committee. "We believe Mr. Braham's background in technology and capital markets as well as his board service experience will be valuable as IAC continues to execute its strategy." Upon his addition to the Board, Mr. Braham is expected to join the Nominating Committee, which will be renamed t

      4/29/25 7:30:00 AM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • Cava Group Set to Join S&P MidCap 400 and Angi to Join S&P SmallCap 600

      NEW YORK, March 26, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600: Cava Group Inc. (NYSE:CAVA) will replace Altair Engineering Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the opening of trading on Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in a deal completed today.Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning off its ownership interest in ANGI in a transaction expected to be completed on Tuesday, April 1. Post spi

      3/26/25 5:40:00 PM ET
      $ALTR
      $ANGI
      $CAVA
      $IAC
      Computer Software: Prepackaged Software
      Technology
      Advertising
      Consumer Discretionary
    • Dotdash Meredith Appoints Jim Lawson as President of D/Cipher

      Former AdTheorent CEO to lead D/Cipher's evolution as the premier cookie-less ad targeting and buying solution for the open Internet NEW YORK, March 17, 2025 /PRNewswire/ -- Today Dotdash Meredith (DDM), the largest digital and print publisher in America, announced the appointment of Jim Lawson as President of D/Cipher, reporting directly to DDM CEO Neil Vogel, to accelerate the growth and development of its D/Cipher contextual ad-targeting solution across the open web. Jim was a co-founder of AdTheorent, a machine-learning powered DSP (media buying platform) not reliant on individual identifiers, and served as CEO from 2019 to 2024. Jim oversaw AdTheorent's growth from a startup in 2012 to

      3/17/25 10:22:00 AM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology

    $IAC
    Financials

    Live finance-specific insights

    See more
    • IAC Earnings Release Available on Company's Website

      NEW YORK, May 5, 2025 /PRNewswire/ -- IAC (NASDAQ:IAC) posted its first quarter financial results on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC will host a conference call to discuss the company's first quarter results and to answer questions. The call will be held on Tuesday, May 6, 2025, at 8:30 a.m. ET. Christopher Halpin, Executive Vice President, CFO and COO of IAC and Neil Vogel, CEO of Dotdash Meredith will participate. The live audiocast and replay will be open to the public through the investor relations section of the IAC site at https://ir.iac.com/quarterly-results. About IAC IAC (NASDAQ:IAC) builds companie

      5/5/25 4:10:00 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • IAC TO ANNOUNCE Q1 2025 EARNINGS ON MAY 5th AND HOST EARNINGS CONFERENCE CALL ON MAY 6th

      NEW YORK, April 9, 2025 /PRNewswire/ -- After the close of market trading on Monday, May 5, 2025, IAC (NASDAQ:IAC) will post its first quarter results at https://ir.iac.com/quarterly-results. On Tuesday, May 6, 2025, at 8:30 a.m. ET, IAC will host a conference call to answer questions regarding the company's first quarter results. The live audiocast and replay will be open to the public through the investor relations section of the IAC site at https://ir.iac.com/quarterly-results.  About IAC IAC (NASDAQ:IAC) builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC 30 yea

      4/9/25 4:10:00 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • IAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY

      NEW YORK and DENVER, April 1, 2025 /PRNewswire/ -- IAC (NASDAQ:IAC) and Angi (NASDAQ:ANGI), a leading platform for home services, announced today the successful completion of the spin-off of IAC's full ownership stake in Angi. As a result of the spin-off, IAC's former interest in Angi is now held directly by IAC's shareholders, and Angi is an independent, publicly traded company. Today also marks Joey Levin's transition from IAC CEO.  Effective on the spin-off, Mr. Levin became Executive Chairman of Angi, where, as senior executive, he will work in partnership with Angi CEO Jeff Kip and the Angi senior management team to accomplish the company's strategic objectives. Mr. Levin will remain a

      4/1/25 8:30:00 AM ET
      $ANGI
      $IAC
      Advertising
      Consumer Discretionary
      Computer Software: Programming Data Processing
      Technology

    $IAC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by IAC Inc.

      SC 13G/A - IAC Inc. (0001800227) (Subject)

      11/14/24 4:20:29 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13G filed by IAC Inc.

      SC 13G - IAC Inc. (0001800227) (Subject)

      6/7/24 1:30:02 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13G/A filed by IAC Inc. (Amendment)

      SC 13G/A - IAC Inc. (0001800227) (Subject)

      2/13/24 5:06:19 PM ET
      $IAC
      Computer Software: Programming Data Processing
      Technology