CoStar Group’s $1 Billion Senior Notes Offering

Latham & Watkins LLP represented CoStar, while Simpson Thacher represented the initial purchasers in the offering.

CoStar Group, Inc. has priced an offering of US$1 billion in aggregate principal amount of 2.8% senior unsecured notes due 2030 in a private placement exempt from registration under the Securities Act. The sale of the notes is expected to be consummated on or about July 1, 2020, subject to customary closing conditions.

CoStar is a leading provider of commercial real estate information, analytics, and online marketplaces.

Latham & Watkins LLP represented CoStar in the offering with a corporate team led by Washington, D.C. partners Jason Licht (Picture) and Shagufa Hossain, with associates Jessica Lennon and Isabel Rivera.

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, with a  team for the transaction including, among others, John C. Ericson, Camilla Johnson and Arielle Trapp (Capital Markets); Alexandra Kaplan, Arman Naraghi-Pour and Michael Peragine (Credit); Jonathan Cantor, Andrew Purcell, Nicole Humphrey and Caroline Phillips (Tax); Jeanne Annarumma, Ashlie Lawton and Monisha Bhayana (Executive Compensation and Employee Benefits); Lori Lesser, Genevieve Dorment and Melanie Jolson (Intellectual Property); Tim Gallagher (Real Estate); and Jennie Getsin (Blue Sky).

Involved fees earner: Shagufa Hossain – Latham & Watkins; Jessica Lennon – Latham & Watkins; Jason Licht – Latham & Watkins; Isabel Rivera – Latham & Watkins; Jeanne Annarumma – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Camilla Johnson – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Alexandra Kaplan – Simpson Thacher & Bartlett; Ashlie Lawton – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Arman Naraghi-Pour – Simpson Thacher & Bartlett; Michael Peragine – Simpson Thacher & Bartlett; Caroline Phillips – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Arielle Trapp – Simpson Thacher & Bartlett;

Law Firms: Latham & Watkins; Simpson Thacher & Bartlett;

Clients: CoStar Group, Inc.; J.P. Morgan Securities LLC;

Author: Ambrogio Visconti