InterActiveCorp (IACI +1.6%) is issuing $500M worth of 4.75% senior notes due 2022. Barry...

|By:, SA News Editor

InterActiveCorp (IACI +1.6%) is issuing $500M worth of 4.75% senior notes due 2022. Barry Diller's company, which had $96M in debt on its balance sheet as of Sep. 30, only says it will use the proceeds for "general corporate purposes." IAC struck a $300M deal to buy About.com back in August.