debt
confidence high
sentiment neutral
materiality 0.60
ZipRecruiter upsizes senior notes offering to $550M at 5.000%, due 2030
ZIPRECRUITER, INC.
- Issued $550M of 5.000% Senior Notes due Jan 15, 2030; up from originally planned $500M.
- Interest payable semi-annually; first payment July 15, 2022.
- Net proceeds for general corporate purposes including capex and working capital.
- Amended credit agreement increased allowable netting from $100M to $550M for leverage ratio.
- Notes are unsecured senior obligations; offering closed Jan 12, 2022.