ZipRecruiter has entered into privately negotiated agreements to repurchase approximately $295 million in principal amount of its 5% senior unsecured notes due 2030 for about $230 million, capturing a $65 million discount to par value. The transactions will be paid in cash from the company's balance sheet and are closing on a rolling basis, with final closings expected by June 30, 2026. Following the repurchases, roughly $255 million of the originally issued $550 million in notes will remain outstanding, continuing to accrue interest at 5% per annum and maturing in January 2030. CEO Ian Siegel said the move retires over half of the outstanding debt at a significant discount, reducing the debt burden while preserving a strong cash position and enhancing financial flexibility.
Ziprecruiter IncRepurchasing $295M of senior notes at a $65M discount reduces debt burden and improves financial flexibility
Moelis & Co