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Dotdash Meredith is now People Inc.
Prnewswire· 2025-07-31 14:15
NEW YORK, July 31, 2025 /PRNewswire/ -- Dotdash Meredith, the largest digital and print publisher in America, announced it is now People Inc. The new name represents the next chapter for the owner of iconic media brands including PEOPLE, Food & Wine, Travel + Leisure, Allrecipes, Better Homes & Gardens, InStyle, Verywell, Entertainment Weekly, and Southern Living. People Inc. boldly reflects the company's enduring commitment to content and experiences – made by people for people – that delight, inspire, tea ...
IAC Inc. Announces Pricing of Offering of Senior Secured Notes of Dotdash Meredith
Prnewswire· 2025-06-05 21:00
Core Viewpoint - IAC Inc.'s subsidiary Dotdash Meredith Inc. is set to sell $400 million in senior secured notes to refinance existing debt and fund related expenses [1][2]. Group 1: Offering Details - Dotdash Meredith Inc. will issue $400 million of 7.625% senior secured notes due in 2032, with interest at 7.625% per annum, issued at 100% of face value [1]. - The proceeds from the offering will be used alongside a new $700 million term loan B facility and cash on hand to repay the existing $1.18 billion term loan B-1 facility [2]. Group 2: Regulatory Compliance - The offering is targeted at qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States in compliance with Regulation S [3]. - The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration, except under certain exemptions [3]. Group 3: Company Background - IAC is a company focused on building and acquiring new products and brands, with a portfolio that includes Dotdash Meredith and Care.com, among others [5]. - Dotdash Meredith is recognized as the largest digital and print publisher in America, with over 150 million monthly users and more than 40 iconic brands [6].