other material
confidence high
sentiment neutral
materiality 0.50
Zillow issues 4.53M Class C shares upon $498M note conversion, redeems remaining $1M
ZILLOW GROUP, INC.
- 4,526,527 shares of Class C capital stock issued to holders converting $498M principal of 1.375% convertible notes due 2026.
- Cash payments of $498M covering principal and fractional shares delivered to converting noteholders.
- Remaining ~$1M of outstanding notes redeemed at 100% principal plus accrued interest on Dec 18, 2024.
- Issuance exempt from registration under Securities Act Section 3(a)(9).