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CoStar prices $1B notes offering

Jun. 24, 2020 3:53 PM ETCoStar Group, Inc. (CSGP) StockBy: Vandana Singh, SA News Editor1 Comment
  • CoStar Group (NASDAQ:CSGP -4.3%) prices an offering of $1B 2.8% senior unsecured notes due 2030 in a private placement
  • The sale of the Notes is expected to be consummated by July 1, 2020.
  • CoStar intends to use the net proceeds to repay all outstanding borrowings under the Issuer’s existing credit facility, working capital and other general corporate purposes.
  • The company also seeks to amend and restate its existing $750M, and extend the maturity to 2025.

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