Davis Polk acted as special product counsel to the initial purchaser in connection with a Rule 144A offering by Zillow Group, Inc. of an aggregate principal amount of $460 million of its 2.00% convertible senior notes due 2021, which included $60 million aggregate principal amount of notes from the full exercise of the initial purchaser’s over-allotment option to purchase additional notes. In addition, Davis Polk advised the counterparties to capped call transactions in connection with the offering.

Headquartered in Seattle, Washington, Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products to help people find information about homes and connect with local professionals.

The Davis Polk equity derivatives team included partner Ray Ibrahim and associates Joshua A. Foran and Won Lee. The tax team included partner Lucy W. Farr and associate Jonathan Atkins. All members of the Davis Polk team are based in the New York office.

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