CoStar Group Enters Material Definitive Agreement
Ticker: CSGP · Form: 8-K · Filed: May 31, 2024 · CIK: 1057352
| Field | Detail |
|---|---|
| Company | Costar Group, Inc. (CSGP) |
| Form Type | 8-K |
| Filed Date | May 31, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1.1 b, $20 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
Related Tickers: CSGP
TL;DR
COSTAR just signed a big deal, new financial obligation incoming.
AI Summary
On May 24, 2024, CoStar Group, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered at 1331 L Street NW, Washington, DC, filed this 8-K report to disclose this significant financial event.
Why It Matters
This filing indicates CoStar Group has undertaken a new financial commitment, which could impact its balance sheet and future financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed effectively.
Key Players & Entities
- COSTAR GROUP, INC. (company) — Registrant
- May 24, 2024 (date) — Date of earliest event reported
- 1331 L Street, NW, Washington, DC 20005 (location) — Principal executive offices
FAQ
What specific type of material definitive agreement did CoStar Group, Inc. enter into?
The filing indicates the entry into a material definitive agreement that creates a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 24, 2024.
What is CoStar Group, Inc.'s principal executive office address?
The principal executive offices are located at 1331 L Street, NW, Washington, DC 20005.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is CoStar Group, Inc.'s IRS Employer Identification No.?
The IRS Employer Identification No. for CoStar Group, Inc. is 52-2091509.
Filing Stats: 1,000 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-05-31 16:01:34
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) CSGP The Nasdaq Global S
- $1.1 b — ans in an aggregate principal amount of $1.1 billion, with a letter of credit sublimit
- $20 million — on, with a letter of credit sublimit of $20 million. Borrowings will bear interest at a flo
Filing Documents
- d794196d8k.htm (8-K) — 29KB
- d794196dex101.htm (EX-10.1) — 695KB
- 0001193125-24-151700.txt ( ) — 1019KB
- csgp-20240524.xsd (EX-101.SCH) — 3KB
- csgp-20240524_lab.xml (EX-101.LAB) — 18KB
- csgp-20240524_pre.xml (EX-101.PRE) — 11KB
- d794196d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Credit Agreement, dated as of May 24, 2024, by and among CoStar Group, Inc., as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). * Schedules and exhibits (or similar attachments) have been omitted from this exhibit pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish copies of any such schedules (or similar attachments) to the Securities and Exchange Commission upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COSTAR GROUP, INC. Date: May 31, 2024 By: /s/ Scott T. Wheeler Name: Scott T. Wheeler Title: Chief Financial Officer