Item 8.01. Other Events.
On May 26, 2020, CoStar Group, Inc. ("CoStar") issued 2,290,076 shares of its
common stock, par value $0.01 per share (the "Shares"), pursuant to a shelf
registration statement filed with the U.S. Securities and Exchange Commission on
Form S-3 (File No. 333-238500), for an aggregate purchase price of $1.5 billion,
pursuant to an underwriting agreement, dated May 20, 2020 (the "Underwriting
Agreement"), among CoStar and Goldman Sachs & Co. LLC and J.P. Morgan Securities
LLC, as representatives of the several underwriters the ("Underwriters") listed
on Schedule 1 to the Underwriting Agreement, which agreement is filed herewith
as Exhibit 1.1. The Company also granted the Underwriters a 30-day option to
purchase up to 343,511 additional Shares (the "Option Shares").
On May 26, 2020, the Underwriters exercised in full their option to purchase the
Option Shares. On May 28, 2020, the Company issued 343,511 Option Shares to the
Underwriters, for an aggregate purchase price of $225.0 million.
The opinion of Gibson, Dunn & Crutcher LLP, relating to the validity of the
shares of common stock offered and sold pursuant to the Underwriting Agreement,
is filed herewith as Exhibit 5.1.
The foregoing description of the Underwriting Agreement, Shares, Option Shares
and other documents relating to this transaction does not purport to be complete
and is qualified in its entirety by reference to the full text of these
documents and securities, forms or copies of which are incorporated by reference
or are attached as exhibits to this Current Report on Form 8-K and are
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Description
No.
1.1 Underwriting Agreement, dated May 20, 2020 among CoStar Group, Inc. and
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as
representatives of the several Underwriters listed on Schedule 1 to the
Underwriting Agreement.
5.1 Opinion of Gibson, Dunn & Crutcher LLP.
23.1 Consent of Gibson, Dunn & Crutcher LLP (set forth in Exhibit 5.1).
104 The cover page from this Current Report on Form 8-K, formatted as Inline
XBRL.
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