ZipRecruiter Announces Partial Repurchase of Senior Notes (Form 8-K)

ZipRecruiter Announces Partial Repurchase of Senior Notes

Repurchases $295 million in principal amount of 5% Senior Notes due 2030

Captures significant discount on principal and maintains strong cash position

SANTA MONICA, Calif., June 25, 2026 - ZipRecruiter® (NYSE: ZIP), a leading online employment marketplace, today announced it has entered into separate, privately negotiated repurchase agreements with certain holders of its 5% senior unsecured notes due 2030 (the "Notes") to repurchase approximately $295 million in aggregate principal amount of the Notes for approximately $230 million (plus accrued and unpaid interest to, but excluding, the applicable closing date), representing a $65 million discount to par value. The Notes repurchase transactions will be paid in cash from the Company's balance sheet. Moelis & Company LLC acted as financial advisor, and Latham & Watkins LLP acted 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 $255 million principal amount of the Notes will remain outstanding from the originally issued principal amount of $550 million. The remaining debt will continue to accrue interest at a rate of 5% per annum and will mature in January 2030.

"The debt repurchases announced today allow ZipRecruiter to retire over half of our outstanding debt at a significant discount to par value, meaningfully reducing our debt burden while preserving a strong cash balance," said Ian Siegel, CEO of ZipRecruiter. "This transaction reflects our disciplined and opportunistic approach to capital allocation and enhances our financial flexibility. With a stronger capital structure, we believe ZipRecruiter is well positioned to continue investing in growth, win in the AI era, and capture market share over the coming years."