IAC Announces Pricing of Senior Notes Offering
NEW YORK, Dec. 18, 2012
NEW YORK, Dec. 18, 2012 /PRNewswire/ --IAC (Nasdaq: IACI) announced today
that it has agreed to sell $500 million aggregate principal amount of 4.75%
senior notes due 2022 (the "Notes") in a private offering (the "Offering").
The Notes will be guaranteed by certain subsidiaries of IAC. The Offering of
the Notes is expected to close on December 21, 2012.
IAC plans to use the net proceeds of the Offering for general corporate
The Offering will be made only to qualified institutional buyers in accordance
with Rule 144A under the Securities Act of 1933, as amended (the "Securities
Act"), and to certain non-U.S. persons in accordance with Regulation S under
the Securities Act. The Notes will not be registered under the Securities Act
and may not be offered or sold without registration unless an exemption from
such registration is available. This notice is issued pursuant to Rule 135c of
the Securities Act, and does not constitute an offer to sell the Notes, nor a
solicitation for an offer to purchase the Notes.
IAC (NASDAQ: IACI) is a leading media and Internet company comprised of more
than 150 brands and products, including Match.com, Ask.com, CollegeHumor, and
CityGrid Media. Focused in the areas of Search, Match, Local and Media, IAC's
family of websites is one of the largest in the world, with 1.2 billion
monthly visits across more than 30 countries. The company is headquartered in
New York City with offices in various locations throughout the U.S. and
internationally. To view a full list of the companies of IAC, please visit
our website at www.iac.com.
This press release contains forward-looking statements regarding the future
performance of IAC, within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are subject to a variety of risks and
uncertainties that could cause actual results to differ materially from
current expectations. These risks and uncertainties include, but are not
limited to, IAC's ability to consummate the Offering of the Notes. Additional
cautionary statements regarding other risk factors that could have an effect
on the future performance of IAC are contained in its filings with the SEC,
including its reports on Forms 10-K, 10-Q and 8-K. IAC undertakes no
obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.
IAC Investor Relations
Nick Stoumpas / email@example.com
(212) 314 – 7400
IAC Corporate Communications
Justine Sacco / firstname.lastname@example.org
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