ZipRecruiter Raises $550M In Debt Offering

Santa Monica-based online employment market operator ZipRecruiter said on Friday that it is raising $550M in debt, via 5.000% Senior Notes due in 2030, up from an earlier announced $500M. The company–which is traded on the NYSE as ZIP–said it intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, investments and working capital.