Announces A$ Floating Rate Note Issuance
Announces A$ Floating Rate Note Issuance
Melbourne, April 12, 2017 AEST (ABN Newswire) - SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) ("SEEK") is pleased to announce that it will issue A$175m of 5 year A$ Floating Rate Notes ("Notes") with a coupon of 3 month BBSW + 2.30%. The proceeds from the Notes will be used for general corporate purposes including to repay SEEK's existing bank debt.

The Notes will be issued under SEEK's recently established Guaranteed Euro Medium Term Note Programme, and will be listed on the Singapore Stock Exchange. Settlement of the Notes is expected to occur on 28 April 2017 and is subject to customary closing conditions. The Notes will rank equally with SEEK's existing senior unsecured debt.

SEEK's CFO Geoff Roberts said "This represents SEEK's debut capital markets debt issuance. We were pleased with the strong support from investors which we believe is a recognition of SEEK's strong business model, growth prospects and robust cash generation. This note issue is consistent with our strategy to achieve diversity in SEEK's capital structure and extend the average tenor of debt."


About SEEK Limited

The purpose of SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) is to help people live more fulfilling and productive working lives and help organisations succeed. SEEK makes a positive contribution to people's lives on a global scale.

SEEK is the global leader in the creation and operation of online employment markets. Globally SEEK has relationships with over 700,000 hirers and 150 million candidates.

SEEK makes a positive contribution to people's lives through connecting more people to relevant job opportunities using its marketplace scale and technology to build radically more efficient and effective employment marketplaces.

SEEK is listed on the Australian Securities Exchange, and has been listed in the Top 20 Most Innovative Companies Globally by Forbes, and Number One in Australia.

SEEK has been recognised by AON Hewitt as an Employer of Choice ten years straight and is passionate about it's company's culture. SEEK is a leader in workplace diversity and inclusion.

For 20 years SEEK has been an integral part of Australians' job-search process, and as the country's leading employment marketplace is uniquely positioned to empower Australians with career, education and volunteer opportunities to create productive and fulfilling working lives.

      


Contact

Investor/Analyst enquiries
Geoff Roberts / Jeff Tang
SEEK Limited
T: +61-3-8517-4484

Media enquiries
Dan Ellis
SEEK Limited
M: +61-400-587-232
E: dellis@seek.com.au



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