CoStar Group (CSGP -4.3%) prices an offering of $1B 2.8% senior unsecured notes due 2030 in a private placement

The sale of the Notes is expected to be consummated by July 1, 2020.

CoStar intends to use the net proceeds to repay all outstanding borrowings under the Issuer’s existing credit facility, working capital and other general corporate purposes.

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