Zillow Group closes $500M revolving credit facility due 2031, undrawn at close

ZILLOW GROUP, INC.

Facility can be increased by $250M to $750M under specified conditions.
Revolver matures January 30, 2031; interest at SOFR plus 1.25%-1.75% or ABR plus 0.25%-0.75% based on Total Net Leverage Ratio.
Financial covenant requires Total Net Leverage Ratio below 3.75:1.00 when drawn >30% of commitments.
No borrowings outstanding at signing; proceeds earmarked for general corporate purposes.
Obligations guaranteed by Zillow Group and certain subsidiaries; secured by substantially all borrower assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ZILLOW GROUP, INC. incurred revolving credit of $500 million with Goldman Sachs Bank USA at secured overnight financing rate plus a margin of from 1.25% to 1.75% maturing January 30, 2031.

Instrument: revolving credit
Principal: $500 million
Counterparty: Goldman Sachs Bank USA
Rate: secured overnight financing rate plus a margin of from 1.25% to 1.75%
Maturity: January 30, 2031
Event: incurrence

Exact text from the filing

(the “Borrower”), the lenders from time to time party thereto (the “Lenders”), Goldman Sachs Bank USA as administrative agent (in such capacity, the “Administrative Agent”) and as an issuing bank, and the other issuing banks from time to time party thereto.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ZILLOW GROUP, INC. entered into Credit Agreement with Goldman Sachs Bank USA valued at $500 million revolving credit facility (effective 2026-01-30).

Action: entry
Agreement: credit facility
Counterparty: Goldman Sachs Bank USA
Value: $500 million revolving credit facility
Effective: 2026-01-30

Exact text from the filing

On January 30, 2026, Zillow Group, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, MFTB Holdco, Inc., Zillow, Inc. (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), Goldman Sachs Bank USA as administrative agent (in such capacity, the “Administrative Agent”) and as an issuing bank, and the other issuing banks from time to time party thereto. The Credit Agreement provides for a $500 million revolving credit facility

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Source: SEC EDGAR

accession 0001617640-26-000004

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