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

SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) is a diverse group of companies, comprised of a strong portfolio of online employment, educational, commercial and volunteer businesses. SEEK spans across 19 countries and operates in four of the six fastest growing countries by GDP. SEEK’s purpose 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 listed on the Australian Securities Exchange, where it is a top 50 company with a market capitalisation close to A$6billion 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 nine years straight and is passionate about it’s company's culture. SEEK is a leader in workplace diversity and inclusion.

Since 2004 SEEK has been an integral part of New Zealand’s job-search process, and as the country’s leading employment marketplace is uniquely positioned to empowering New Zealanders with career, education and volunteer opportunities to create productive and fulfilling working lives.



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

Link: SEEK announces A$ Floating Rate Note Issuance

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