ZipRecruiter Repurchases $295M Notes at $230M, $65M Discount
ZipRecruiter entered into separate, privately negotiated repurchase agreements with certain holders of its 5% senior unsecured notes due 2030 to repurchase approximately $295M in aggregate principal amount of the Notes for approximately $230M, representing a $65M discount to par value. The Notes repurchase transactions will be paid in cash from the Company's balance sheet. Moelis & Company acted as financial advisor, and Latham & Watkinsacted as legal advisor, to ZipRecruiter in connection with the transactions. The repurchases are closing on a rolling basis, with the final closings expected to occur on or prior to June 30, 2026, subject to the satisfaction of customary closing conditions. Following the Notes repurchase transactions, approximately $255M principal amount of the Notes will remain outstanding from the originally issued principal amount of $550M. The remaining debt will continue to accrue interest at a rate of 5% per annum and will mature in January 2030.
