IAC IACI announced today
that it intends to commence an offering of $500 million aggregate principal
amount of senior unsecured notes (the "Notes") in a private offering (the
"Offering"). The Notes will be guaranteed by certain subsidiaries of IAC. The
maturity, interest rate and other terms of the Notes will be determined at the
time of sale.
IAC plans to use the net proceeds of the Offering for general corporate
purposes.
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