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Article: IAC Amends Cash Tender Offer and Consent Solicitation for Its 7% Senior Notes Due 2013.
- Article from:
- PR Newswire
- Article date:
- July 18, 2008
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NEW YORK, July 18 /PRNewswire-FirstCall/ -- IAC/InterActiveCorp and an Ad Hoc Committee of Certain Bondholders of the IAC 7% Senior Notes due 2013 (the "IAC Notes") jointly announced that IAC and holders holding over a majority in principal amount of the outstanding IAC Notes have entered into an agreement, pursuant to which, among other things, IAC will amend IAC's Offer to Purchase and Consent Solicitation dated June 11, 2008 (the "Offer") by next week. Under the terms of the Agreement, IAC will amend the terms of its cash tender offer pursuant to which it has offered to purchase all the outstanding IAC Notes to increase the price being offered by reducing the fixed ...