Zillow Group Inc. has announced the full settlement of its approximately $419 million outstanding principal amount of 2.75% Convertible Senior Notes due in 2025. As of May 15, 2025, the company is now debt-free, apart from credit facility borrowings linked to Zillow Home Loans. The settlement involved aggregate cash payments totaling around $425 million, covering the principal amount, accrued interest, and a nominal cash payment for fractional shares. Additionally, Zillow Group issued an aggregate of 1,385 shares of its Class C capital stock to noteholders.
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