secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001193125-24-151700
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar Group enters new $1.1B revolving credit facility maturing 2029
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- Replaces prior $1.1B credit agreement dated July 1, 2020.
- Matures five years from May 24, 2024; interest rate tied to debt rating (ABR spread 0.125%–0.750%; SOFR spread 1.125%–1.750%).
- Financial covenant requires Total Leverage Ratio ≤ 4.50 to 1.00 tested quarterly.
- Letter of credit sublimit of $20 million; proceeds for general corporate purposes.
- Arrangers include BofA Securities, BNP Paribas, Citibank, JPMorgan, PNC, Santander.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000119312524151700/0001193125-24-151700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000119312524151700/d794196d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-151700

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