0000898822-13-000432.txt : 20131112 0000898822-13-000432.hdr.sgml : 20131111 20131112074930 ACCESSION NUMBER: 0000898822-13-000432 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20131112 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131112 DATE AS OF CHANGE: 20131112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IAC/INTERACTIVECORP CENTRAL INDEX KEY: 0000891103 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 592712887 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20570 FILM NUMBER: 131206994 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2123147300 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: INTERACTIVECORP DATE OF NAME CHANGE: 20030623 FORMER COMPANY: FORMER CONFORMED NAME: USA INTERACTIVE DATE OF NAME CHANGE: 20020508 FORMER COMPANY: FORMER CONFORMED NAME: USA NETWORKS INC DATE OF NAME CHANGE: 19980223 8-K 1 launch8k.htm IAC 8-K launch8k.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 12, 2013

IAC/InterActiveCorp
(Exact name of registrant as specified in charter)
 
Delaware                                                              0-20570                                                 59-271288
                                                                                                               (State or other jurisdiction                         (Commission                                   (IRS Employer
                                                                                                      of incorporation)                                        File Number)                                       Identification No.)

555 West 18th Street, New York, NY                     10011
(Address of principal executive offices)                                                                                    (Zip Code)

Registrant's telephone number, including area code: (212) 314-7300

_________________________________________________
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 


 
 
 

 
 
Item 7.01                      Regulation FD Disclosure.
 
On November 12, 2013, IAC/InterActiveCorp (the “Company” or the “Registrant”) announced that it intends to commence the distribution of a preliminary offering memorandum to potential investors relating to a proposed offering (the “Offering”) of $500 million of senior notes (the “Notes”).  The Company is disclosing under this Item 7.01 the information included in Exhibit 99.1.
 
The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 hereto) is being furnished and shall not be deemed “filed” under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be incorporated by reference into future filings by the Company under the Securities Act or under the Exchange Act, except as expressly set forth by specific reference in such a filing.
 
Item 8.01.                      Other Events.
 
On November 12, 2013, the Company issued a press release announcing the commencement of the Offering.  A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated by reference into this Item 8.01.
 
Item 9.01                      Financial Statements and Exhibits.
 
Exhibit No.                                Description

99.1
Excerpts from Preliminary Offering Memorandum, dated November 12, 2013
99.2
Press Release of IAC/InterActiveCorp, dated November 12, 2013

 
 
-2-

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

IAC/InterActiveCorp

By:       /s/ GREGG WINIARSKI                                                                
Name:  Gregg Winiarski
Title:    Senior Vice President and General Counsel
 

 
Date:  November 12, 2013
 

 
-3-

 
EXHIBIT INDEX

Exhibit No.                                Description

99.1
Excerpts from Preliminary Offering Memorandum, dated November 12, 2013
99.2
Press Release of IAC/InterActiveCorp, dated November 12, 2013

-4-
EX-99.1 2 exhibit991.htm EXHIBIT 99.1 exhibit991.htm
Exhibit 99.1
 
EXCERPTS FROM PRELIMINARY OFFERING MEMORANDUM,
DATED NOVEMBER 12, 2013
 

IAC/InterActiveCorp
Other financial data

 
Nine months ended
September 30,
Years ended
December 31,
 
2013
2012
2012
2011
2010
 
(Dollars in thousands)
Adjusted EBITDA(1)
$448,226
$359,080
$497,445
$365,126
$253,476

 

(1)
While Adjusted EBITDA is frequently used as a measure of operating performance, it is not necessarily compatible to other similarly titled captions of other companies due to potential inconsistencies in the method of calculation. Adjusted EBITDA should not be considered as a substitute for, nor superior to, GAAP measures. We present a reconciliation of Adjusted EBITDA to operating income below.
 
 
Nine months ended September 30,
Years ended December 31,
 
2013
2012
2012
2011
2010
 
(In thousands)
Adjusted EBITDA
$448,226
$359,080
$497,445
$365,126
$253,476
Less: Non-cash compensation expense
(38,848)
(65,258)
(85,625)
(88,588)
(84,280)
Less: Depreciation
(44,541)
(37,490)
(52,481)
(56,719)
(63,897)
Less: Amortization and impairment of intangibles
(45,247)
(18,058)
(35,771)
(22,057)
(27,472)
Less: Acquisition-related contingent consideration fair value adjustment
(6,339)
Less: Goodwill impairment
(28,032)
Operating income
$313,251
$238,274
$323,568
$197,762
$    49,795

EX-99.2 3 exhibit992.htm EXHIBIT 99.2 exhibit992.htm
Exhibit 99.2
 
IAC Announces Senior Notes Offering

NEW YORK, Nov. 12, 2013 /PRNewswire/ -- IAC (NASDAQ: IACI) announced today that it intends to commence an offering of $500 million aggregate principal amount of senior 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, which may include share repurchases and acquisitions.

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. 

About IAC
IAC (NASDAQ: IACI) is a leading media and internet company comprised of more than 150 brands and products, including Ask.com, About.com, Match.com, HomeAdvisor.com and Vimeo.com. Focused in the areas of search, applications, online dating, local and media, IAC's family of websites is one of the largest in the world, with more than a 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 IAC's companies, 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.