ZipRecruiter to repurchase $295M of 5% senior notes at ~$230M, capturing $65M discount

ZIPRECRUITER, INC.

Repurchases $295M principal of 5% senior notes due 2030 for ~$230M cash, a $65M discount to par.
Final closings expected by June 30, 2026; Moelis & Co. acted as financial advisor.
After repurchase, $255M principal of the notes will remain outstanding at 5% interest, maturing Jan 2030.
CEO Ian Siegel says transaction reduces debt burden while preserving strong cash balance and enhancing financial flexibility.

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