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Debt (Tables)
 9 Months Ended
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, 2020December 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 Islands63,331 355,911 
Total Homes Segment debt114,303 691,524 
Mortgages Segment
Repurchase agreement:
Citibank, N.A.58,859 394 
Warehouse line of credit:
Comerica Bank59,235 30,033 
Total Mortgages Segment debt118,094 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 notes1,845,594 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):
LenderFinal Maturity DateMaximum Borrowing CapacityWeighted Average Interest Rate
Goldman Sachs Bank USAApril 20, 2022$500,000 3.15 %
Citibank, N.A.January 31, 2022500,000 3.67 %
Credit Suisse AG, Cayman IslandsJuly 31, 2021500,000 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):
LenderMaturity DateMaximum Borrowing CapacityWeighted Average Interest Rate
Citibank, N.A.October 27, 2020$75,000 1.65 %
Comerica BankJune 26, 202175,000 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, 2020December 31, 2019
Maturity DateAggregate Principal AmountStated Interest RateEffective Interest RateFirst Interest Payment DateSemi-Annual Interest Payment DatesUnamortized Debt Discount and Debt Issuance CostsFair ValueUnamortized Debt Discount and Debt Issuance CostsFair Value
September 1, 2026$500,000 1.375 %8.10 %March 1, 2020March 1; September 1$157,684 $1,190,750 $172,813 $597,380 
May 15, 2025565,000 2.75 %10.32 %November 15, 2020May 15; November 15156,677 978,863 — — 
September 1, 2024673,000 0.75 %7.68 %March 1, 2020March 1; September 1157,427 1,597,480 182,462 819,378 
July 1, 2023373,750 1.50 %6.99 %January 1, 2019January 1; July 151,215 535,771 63,575 356,464 
December 1, 2021265,330 2.00 %7.43 %June 1, 2017June 1; December 116,067 512,949 44,498 514,312 
December 15, 20207,584 2.75 %N/AN/AJune 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 DateContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest ExpenseContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest Expense
September 1, 2026$1,719 $5,022 $123 $6,864 $420 $1,142 $28 $1,590 
May 15, 20253,884 6,205 331 10,420 — — — — 
September 1, 20241,262 8,251 283 9,796 275 1,681 57 2,013 
July 1, 20231,402 3,814 373 5,589 1,402 3,557 348 5,307 
December 1, 20211,326 2,960 306 4,592 2,300 4,763 493 7,556 
December 15, 202059 — — 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 DateContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest ExpenseContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest Expense
September 1, 2026$5,157 $14,768 $361 $20,286 $420 $1,142 $28 $1,590 
May 15, 20255,891 9,353 499 15,743 — — — — 
September 1, 20243,772 24,207 828 28,807 275 1,681 57 2,013 
July 1, 20234,206 11,260 1,100 16,566 4,206 10,441 1,026 15,673 
December 1, 20215,429 11,816 1,222 18,467 6,900 14,024 1,452 22,376 
December 15, 2020191 — — 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 DateEarly Conversion DateConversion RateConversion PriceOptional Redemption Date
September 1, 2026March 1, 202622.9830$43.51 September 5, 2023
May 15, 2025November 15, 202414.881067.20 May 22, 2023
September 1, 2024March 1, 202422.983043.51 September 5, 2022
July 1, 2023April 1, 202312.759278.37 July 6, 2021
December 1, 2021September 1, 202119.098552.36 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 DateInitial Cap PriceCap Price Premium
September 1, 2026$80.5750 150 %
September 1, 202472.5175 125 %
July 1, 2023105.45 85 %
December 1, 202169.19 85 %