ZipRecruiter announces expansion and pricing of US$550 million senior notes due in 2030 – QNT Press Release

ZipRecruiter® (New York Stock Exchange code:compression) Announced today that in its previously announced private offering (“sale”), its 5.000% senior notes (“notes”) maturing in 2030 have a total principal amount of US$550 million. Due to market interest, the total principal of this issuance has increased from the previously announced issuance of US$500 million. The issuance is expected to end on January 12, 2022, subject to customary closing conditions.

The bill interest will be paid in cash every six months starting on July 15, 2022, with an annual interest rate of 5.000%. Unless repurchased or redeemed in advance, the notes will expire on January 15, 2030. These notes will be ZipRecruiter’s general unsecured senior debt.

ZipRecruiter intends to use the net proceeds from this offering for general corporate purposes, which may include capital expenditures, investment and working capital.

According to Rule 144A promulgated by the revised Securities Act of 1933 (“Securities Act”), these notes are only sold and sold in the form of a private issuance memorandum to persons who are reasonably considered to be qualified institutional buyers, and in. ..

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