Wire
ZipRecruiter Repurchases $295 Million of Notes due 2030
ZipRecruiter (ZIP) has entered into agreements with some holders of its 5% senior notes due 2030 to repurchase about $295 million of the notes for around $230 million, representing a $65 million discount to par value, the company said Thursday.The repurchases, which are being funded from its balance sheet, are expected to close on a rolling basis through June 30, it said.Following the transactions, approximately $255 million of the notes will remain outstanding from the original $550 million issuance, ZipRecruiter said.Shares of the company were 9.1% higher in early Thursday trading.Price: $3.61, Change: $+0.30, Percent Change: +9.08%
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