IAC/INTERACTIVECORP (NASDAQ:IAC) Files An 8-K Entry into a Material Definitive Agreement

IAC/INTERACTIVECORP (NASDAQ:IAC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

Match Credit Agreement Amendment

On December7, 2018, Match Group,Inc., a majority-owned, publicly traded subsidiary of IAC/InterActiveCorp, entered into Amendment No.5 (the “Fifth Amendment”) to that certain credit agreement, dated as of October7, 2015, as amended and restated as of November16, 2015, as further amended as of December16, 2015, as further amended as of December8, 2016, and as further amended as of August14, 2017, with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto (the “Existing Credit Agreement” and, as amended by the Fifth Amendment, the “Amended Credit Agreement”).

The Fifth Amendment amends the Existing Credit Agreement to, among other things: (i)extend the maturity date of the revolving credit facility thereunder to December 7, 2023; (ii)modify the leverage ratio levels in the pricing grid used to calculate the applicable rate for revolving loans; and (iii)make certain other changes to the covenants and other provisions therein. The events of default in the Amended Credit Agreement are unchanged from the provisions in the Existing Credit Agreement.

The foregoing description of the Fifth Amendment is not intended to be complete and is qualified in its entirety by reference to the Fifth Amendment, a copy of which is attached hereto as Exhibit10.1, and incorporated herein by reference.

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

The information set forth under Item 1.01 is incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. See ExhibitIndex.