On January 12, 2022, ZipRecruiter, Inc. completed its previously announced private offering of $550 million aggregate principal amount of its 5.000% Senior Notes due 2030 (the “Notes”). The Notes were sold within the United States only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, investments and working capital.  In the future, certain of the Company's material domestic subsidiaries may be required to guarantee the Notes, upon the terms and subject to the conditions set forth in the Indenture.

The Notes were issued pursuant to an Indenture, dated January 12, 2022 (the “Indenture”), among the Company and Computershare Trust Company, N.A., as trustee (the “Trustee”). The Notes mature on January 15, 2030 and bear interest at a rate of 5.000% per year. Interest on the Notes is payable semi-annually in arrears on January 15 and July 15 of each year, beginning on July 15, 2022.

The Company may redeem all or a portion of the Notes, at its option, at any time prior to January 15, 2025 at a price equal to 100% of the principal amount thereof, plus a “make-whole” premium and any accrued and unpaid interest. On and after January 15, 2025, the Company may redeem all or a portion of the Notes at the redemption prices set forth in the Indenture, plus any accrued and unpaid interest. In addition, prior to January 15, 2025, the Company may redeem up to 40% of the aggregate principal amount of the Notes with funds in the aggregate amount not exceeding the net cash proceeds from certain equity offerings at a redemption price equal to 105.000% of the principal amount of the Notes to be redeemed plus any accrued and unpaid interest.