CoStar Group's Senior Share Prices Announced

June 28, 2020
Share this Post: 

CoStar Group has priced an offering of $1 billion in aggregate principal amount of 2.8% senior unsecured notes. The notes are exempt from registration. CoStar expects the sale of the notes to end on July 1, 2020. 

The notes are guaranteed by each of the company’s existing and future domestic subsidiaries that adhere to the Amended and Restated Credit Facility of $750 million.

The company is also looking to restate and extend its existing $750 million credit facility to 2025. CoStar will look to use the net proceeds to repay all outstanding borrowings under the current credit facility, as well as fund a portion of the costs of any future acquisitions, and other general purposes.

June 28, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Yandex Bleak Houses
Yandex Reaches Settlement with Russian Classifieds Companies Over Competition Law Dispute

Russian search giant and online classifieds operator Yandex has reached a settlement with the country's Federal Antimonopoly Service (FAS) putting...

Read More
Otm British Street
OnTheMarket Performing 'Ahead of Expectations' as it Rapidly Approaches Breakeven

The majority agent-owned British portal OnTheMarket has released a trading update to the London Stock Exchange in which shareholders were...

Read More
Homesearch Searching For Home Pic
British PropTech Homesearch Gets Funding From Original Zoopla Backer Octopus Ventures

Property data prospecting system and one-time challenger portal operator Homesearch has secured £5 million in funding from Octopus Ventures. Founded...

Read More
Habi Aerial Backgorund Df
Mexican iBuyer Habi Acquires Portal Propiedades.com and Tu Cantón

Colombian based iBuyer Habi has announced that it has acquired OKOL, the parent company of Mexican end-to-end brokerage and marketplace...

Read More

Popular News