CoStar’s $750 Million Revolving Credit Facility

Cravath represented JPMorgan Chase Bank, N.A., as agent and arranger, in connection with a $750 million revolving credit facility made available to CoStar Group, Inc. and CoStar Realty Information, Inc., leading providers of commercial real estate information, analytics and online marketplaces.

The revolving credit facility will be used for working capital and other general corporate purposes. The transaction closed on October 19, 2017.

The Cravath team included partner Stephen M. Kessing (Picture), senior attorney Kimberly A. Grousset and associate DongHwa Kim on banking matters; associate Peter W. Rogers on tax matters; and associate Sally Ye on executive compensation and benefits matters. Joanna Pak also worked on banking matters.

Involved fees earner: Stephen Kessing – Cravath Swaine & Moore; Kimberly A. Grousset – Cravath Swaine & Moore; Peter Rogers – Cravath Swaine & Moore; Sally Ye – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: JPMorgan Chase & Co.;

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Author: Ambrogio Visconti