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IAC/InterActiveCorp. starts roadshow for $500 million 10-year notes
By Paul A. Harris
Portland, Ore., Dec. 17 - IAC/InterActiveCorp. began a brief roadshow on Monday for a $500 million offering of 10-year senior notes (expected ratings Ba1/BB+), according to a market source.
The deal is expected to price on Wednesday.
J.P. Morgan Securities LLC, Goldman Sachs & Co., Bank of America Merrill Lynch and BNP Paribas are the joint bookrunners. PNC Capital Markets and RBC Capital Markets are the co-managers.
The Rule 144A and Regulation S with registration rights notes come with five years of call protection.
Proceeds will be used for general corporate purposes.
The prospective issuer is a New York-based internet company that reports revenue in search, personals, media and other areas.
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