ZipRecruiter Announces $ 550 Million Increase and Pricing of Senior Notes Due 2030 | Nation / World

SANTA MONICA, Calif .– (BUSINESS WIRE) – January 7, 2022–

ZipRecruiter® (NYSE: ZIP) today announced that it is pricing a total principal amount of $ 550 million of its 5,000% senior bonds due 2030 (the “Bonds”) under its previously advertised private offer (the “Offer”). The total principal amount of the offering has been increased from the previously announced offering size of $ 500 million due to market interest. The offer is expected to close on January 12, 2022, subject to the satisfaction of customary closing conditions.

Interest on the Notes will be payable in cash semi-annually in arrears, commencing July 15, 2022, at the rate of 5,000% per annum. The Notes will mature on January 15, 2030, unless redeemed or redeemed earlier. The Notes will be the general unsecured obligations of ZipRecruiter.

ZipRecruiter intends to use the net proceeds of the Offering for general corporate purposes, which may include capital expenditures, investments and working capital.

The Notes have only been offered and sold by way of a private offer memorandum to persons reasonably suspected of being Qualified Institutional Purchasers in accordance with Rule 144A promulgated under the Securities Act of 1933, as amended. (the “Securities Act”), and outside the United States to non-US persons in accordance with Regulation S of the Securities Act. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States. , except by virtue of an applicable exemption from these registration requirements. .

This announcement is not an offer to sell or a solicitation of an offer to buy the Tickets and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is illegal.

About ZipRecruiter

ZipRecruiter® is a leading online job marketplace that actively connects people to their next big opportunity. ZipRecruiter’s powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the # 1 job search app on iOS and Android for the past four years and is ranked # 1 in the job market by G2.

Caution regarding forward-looking statements

This press release contains “forward-looking statements” including, but not limited to, statements relating to the completion of the Offer and the intended use of the proceeds from the Offer. Statements containing words such as “might”, “believe”, “expect”, “intend”, “want” or similar expressions constitute forward-looking statements. These forward-looking statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether ZipRecruiter completes the Offer, market conditions affecting the Offer, the intended use of the net proceeds of the Offer, which could change due to market conditions or for other reasons, and the impact of the conditions economic, industrial or general policy in the United States or internationally, including the impacts of the COVID-19 pandemic. The above list of risks and uncertainties is illustrative, but not exhaustive. For more information on other potential factors that could affect ZipRecruiter’s business and financial results, please see “Risk Factors” described in ZipRecruiter’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission (the “SEC”) and in other documents filed by ZipRecruiter with the SEC. Except as required by law, ZipRecruiter assumes no obligation and does not intend to update these forward-looking statements after the date of this release.

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CONTACT: Investors:

Alex wellins

The Blueshirt group, for ZipRecruiter

[email protected] Corporate communications:

Shauna Wynne

Public Relations Manager, ZipRecruiter

[email protected]



SOURCE: ZipRecruiter, Inc.

Copyright Business Wire 2022.

PUB: 07/01/2022 18:30 / DISC: 07/01/2022 18:32

Copyright Business Wire 2022.

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