share_log

8-K: Current report

SEC ·  Dec 19, 2024 22:04

Summary by Futu AI

Zillow Group has completed the redemption of its 1.375% Convertible Senior Notes due 2026, following the redemption notice issued on October 8, 2024. During the conversion period through December 17, 2024, holders of approximately $498 million aggregate principal amount of Notes elected to convert their holdings.In response to the conversions, the company delivered cash payments totaling approximately $498 million to cover the principal amount and fractional shares, along with issuing 4,526,527 shares of Zillow Group Class C capital stock. The share issuance was exempt from registration under Section 3(a)(9) of the Securities Act of 1933.On December 18, 2024, Zillow redeemed the remaining approximately $1 million in unconverted Notes at 100% of the principal amount, plus accrued and unpaid interest from September 1, 2024, to the redemption date.
Zillow Group has completed the redemption of its 1.375% Convertible Senior Notes due 2026, following the redemption notice issued on October 8, 2024. During the conversion period through December 17, 2024, holders of approximately $498 million aggregate principal amount of Notes elected to convert their holdings.In response to the conversions, the company delivered cash payments totaling approximately $498 million to cover the principal amount and fractional shares, along with issuing 4,526,527 shares of Zillow Group Class C capital stock. The share issuance was exempt from registration under Section 3(a)(9) of the Securities Act of 1933.On December 18, 2024, Zillow redeemed the remaining approximately $1 million in unconverted Notes at 100% of the principal amount, plus accrued and unpaid interest from September 1, 2024, to the redemption date.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Comment Comment · Views 364

Recommended