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 operates across 18 countries with exposure to over 4 billion people and 28 per cent of GDP. 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.



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

Related Companies

SEEK Limited

Related Industry Topics:
Communications General Consumers General Advertising & Media