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v3.20.2

Debt (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Carrying Value of Debt | The following table presents the carrying values of Zillow Group’s debt as of the dates presented (in thousands):
|  | September 30, 2020 |  | December 31, 2019
Homes Segment |  |  |  |
Credit facilities: |  |  |  |
Goldman Sachs Bank USA |  | $ | 22,460 |  |  | $ | 39,244 |
Citibank, N.A. |  | 28,512 |  |  | 296,369 |
Credit Suisse AG, Cayman Islands |  | 63,331 |  |  | 355,911 |
Total Homes Segment debt |  | 114,303 |  |  | 691,524 |
Mortgages Segment |  |  |  |
Repurchase agreement: |  |  |  |
Citibank, N.A. |  | 58,859 |  |  | 394 |
Warehouse line of credit: |  |  |  |
Comerica Bank |  | 59,235 |  |  | 30,033 |
Total Mortgages Segment debt |  | 118,094 |  |  | 30,427 |
Convertible Senior Notes |  |  |  |
1.375% convertible senior notes due 2026 |  | 342,316 |  |  | 327,187 |
2.75% convertible senior notes due 2025 |  | 408,323 |  |  | — |
0.75% convertible senior notes due 2024 |  | 515,573 |  |  | 490,538 |
1.50% convertible senior notes due 2023 |  | 322,535 |  |  | 310,175 |
2.00% convertible senior notes due 2021 |  | 249,263 |  |  | 415,502 |
2.75% convertible senior notes due 2020 |  | 7,584 |  |  | 9,637 |
Total convertible senior notes |  | 1,845,594 |  |  | 1,553,039 |
Total |  | $ | 2,077,991 |  |  | $ | 2,274,990 |
Schedule of Revolving Credit Facilities and Lines of Credit | The following table summarizes certain details related to our credit facilities (in thousands, except interest rates):
Lender |  | Final Maturity Date |  | Maximum Borrowing Capacity |  | Weighted Average Interest Rate
Goldman Sachs Bank USA |  | April 20, 2022 |  | $ | 500,000 |  |  | 3.15 | %
Citibank, N.A. |  | January 31, 2022 |  | 500,000 |  |  | 3.67 | %
Credit Suisse AG, Cayman Islands |  | July 31, 2021 |  | 500,000 |  |  | 3.97 | %
|  | Total |  | $ | 1,500,000 |  |  |
The following table summarizes certain details related to our warehouse line of credit and repurchase agreement (in thousands, except interest rates):
Lender |  | Maturity Date |  | Maximum Borrowing Capacity |  | Weighted Average Interest Rate
Citibank, N.A. |  | October 27, 2020 |  | $ | 75,000 |  |  | 1.65 | %
Comerica Bank |  | June 26, 2021 |  | 75,000 |  |  | 1.01 | %
|  | Total |  | $ | 150,000 |  |  |
Schedule of Convertible Senior Notes | The following tables summarize certain details related to our outstanding convertible senior notes as of the dates presented or for the periods ended (in thousands, except interest rates):
|  |  |  |  |  |  |  |  |  |  |  | September 30, 2020 |  | December 31, 2019
Maturity Date |  | Aggregate Principal Amount |  | Stated Interest Rate |  | Effective Interest Rate |  | First Interest Payment Date |  | Semi-Annual Interest Payment Dates |  | Unamortized Debt Discount and Debt Issuance Costs |  | Fair Value |  | Unamortized Debt Discount and Debt Issuance Costs |  | Fair Value
September 1, 2026 |  | $ | 500,000 |  |  | 1.375 | % |  | 8.10 | % |  | March 1, 2020 |  | March 1; September 1 |  | $ | 157,684 |  |  | $ | 1,190,750 |  |  | $ | 172,813 |  |  | $ | 597,380 |
May 15, 2025 |  | 565,000 |  |  | 2.75 | % |  | 10.32 | % |  | November 15, 2020 |  | May 15; November 15 |  | 156,677 |  |  | 978,863 |  |  | — |  |  | — |
September 1, 2024 |  | 673,000 |  |  | 0.75 | % |  | 7.68 | % |  | March 1, 2020 |  | March 1; September 1 |  | 157,427 |  |  | 1,597,480 |  |  | 182,462 |  |  | 819,378 |
July 1, 2023 |  | 373,750 |  |  | 1.50 | % |  | 6.99 | % |  | January 1, 2019 |  | January 1; July 1 |  | 51,215 |  |  | 535,771 |  |  | 63,575 |  |  | 356,464 |
December 1, 2021 |  | 265,330 |  |  | 2.00 | % |  | 7.43 | % |  | June 1, 2017 |  | June 1; December 1 |  | 16,067 |  |  | 512,949 |  |  | 44,498 |  |  | 514,312 |
December 15, 2020 |  | 7,584 |  |  | 2.75 | % |  | N/A |  | N/A |  | June 15; December 15 |  | — |  |  | 13,254 |  |  | — |  |  | 16,842 |
Total |  | $ | 2,384,664 |  |  |  |  |  |  |  |  |  |  | $ | 539,070 |  |  | $ | 4,829,067 |  |  | $ | 463,348 |  |  | $ | 2,304,376 |
|  | Three Months Ended September 30, 2020 |  | Three Months Ended September 30, 2019
Maturity Date |  | Contractual Coupon Interest |  | Amortization of Debt Discount |  | Amortization of Debt Issuance Costs |  | Interest Expense |  | Contractual Coupon Interest |  | Amortization of Debt Discount |  | Amortization of Debt Issuance Costs |  | Interest Expense
September 1, 2026 |  | $ | 1,719 |  |  | $ | 5,022 |  |  | $ | 123 |  |  | $ | 6,864 |  |  | $ | 420 |  |  | $ | 1,142 |  |  | $ | 28 |  |  | $ | 1,590 |
May 15, 2025 |  | 3,884 |  |  | 6,205 |  |  | 331 |  |  | 10,420 |  |  | — |  |  | — |  |  | — |  |  | — |
September 1, 2024 |  | 1,262 |  |  | 8,251 |  |  | 283 |  |  | 9,796 |  |  | 275 |  |  | 1,681 |  |  | 57 |  |  | 2,013 |
July 1, 2023 |  | 1,402 |  |  | 3,814 |  |  | 373 |  |  | 5,589 |  |  | 1,402 |  |  | 3,557 |  |  | 348 |  |  | 5,307 |
December 1, 2021 |  | 1,326 |  |  | 2,960 |  |  | 306 |  |  | 4,592 |  |  | 2,300 |  |  | 4,763 |  |  | 493 |  |  | 7,556 |
December 15, 2020 |  | 59 |  |  | — |  |  | — |  |  | 59 |  |  | 67 |  |  | — |  |  | — |  |  | 67 |
Total |  | $ | 9,652 |  |  | $ | 26,252 |  |  | $ | 1,416 |  |  | $ | 37,320 |  |  | $ | 4,464 |  |  | $ | 11,143 |  |  | $ | 926 |  |  | $ | 16,533 |
|  | Nine Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2019
Maturity Date |  | Contractual Coupon Interest |  | Amortization of Debt Discount |  | Amortization of Debt Issuance Costs |  | Interest Expense |  | Contractual Coupon Interest |  | Amortization of Debt Discount |  | Amortization of Debt Issuance Costs |  | Interest Expense
September 1, 2026 |  | $ | 5,157 |  |  | $ | 14,768 |  |  | $ | 361 |  |  | $ | 20,286 |  |  | $ | 420 |  |  | $ | 1,142 |  |  | $ | 28 |  |  | $ | 1,590 |
May 15, 2025 |  | 5,891 |  |  | 9,353 |  |  | 499 |  |  | 15,743 |  |  | — |  |  | — |  |  | — |  |  | — |
September 1, 2024 |  | 3,772 |  |  | 24,207 |  |  | 828 |  |  | 28,807 |  |  | 275 |  |  | 1,681 |  |  | 57 |  |  | 2,013 |
July 1, 2023 |  | 4,206 |  |  | 11,260 |  |  | 1,100 |  |  | 16,566 |  |  | 4,206 |  |  | 10,441 |  |  | 1,026 |  |  | 15,673 |
December 1, 2021 |  | 5,429 |  |  | 11,816 |  |  | 1,222 |  |  | 18,467 |  |  | 6,900 |  |  | 14,024 |  |  | 1,452 |  |  | 22,376 |
December 15, 2020 |  | 191 |  |  | — |  |  | — |  |  | 191 |  |  | 199 |  |  | — |  |  | — |  |  | 199 |
Total |  | $ | 24,646 |  |  | $ | 71,404 |  |  | $ | 4,010 |  |  | $ | 100,060 |  |  | $ | 12,000 |  |  | $ | 27,288 |  |  | $ | 2,563 |  |  | $ | 41,851 |
The following table summarizes the conversion and redemption options with respect to the Notes:
Maturity Date |  | Early Conversion Date |  | Conversion Rate |  | Conversion Price |  | Optional Redemption Date
September 1, 2026 |  | March 1, 2026 |  | 22.9830 |  | $ | 43.51 |  |  | September 5, 2023
May 15, 2025 |  | November 15, 2024 |  | 14.8810 |  | 67.20 |  |  | May 22, 2023
September 1, 2024 |  | March 1, 2024 |  | 22.9830 |  | 43.51 |  |  | September 5, 2022
July 1, 2023 |  | April 1, 2023 |  | 12.7592 |  | 78.37 |  |  | July 6, 2021
December 1, 2021 |  | September 1, 2021 |  | 19.0985 |  | 52.36 |  |  | December 6, 2019
The following table summarizes certain details related to the capped call confirmations with respect to certain of the convertible senior notes:
Maturity Date |  | Initial Cap Price |  | Cap Price Premium
September 1, 2026 |  | $ | 80.5750 |  |  | 150 | %
September 1, 2024 |  | 72.5175 |  |  | 125 | %
July 1, 2023 |  | 105.45 |  |  | 85 | %
December 1, 2021 |  | 69.19 |  |  | 85 | %

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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