Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a debut Rule 144A/Regulation S offering by CoStar Group, Inc. (“CoStar”) of $1 billion aggregate principal amount of 2.8% Senior Notes due 2030.
Simpson Thacher also represented Bank of America, N.A., as administrative agent, and the lenders in connection with an amendment and restatement of CoStar’s existing $750 million revolving credit facility.
CoStar is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information.
The Simpson Thacher team for the transaction included, 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).