Autodesk, Inc. (ADSK): debt financing — Autodesk enters $1.5B unsecured revolving credit facility, replacing prior agreement

Autodesk, Inc.

New 5-year $1.5B revolving credit facility; capacity can increase to $2B.
Interest at Term SOFR plus 0.575%-1.000% or Base Rate; facility fee 0.050%-0.125%.
Leverage covenant ≤3.50x (can step to 4.00x for 4 quarters post-acquisition).
Outstanding at closing: $0; proceeds for working capital and general corporate.
Old September 2021 credit agreement terminated upon effectiveness.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Autodesk, Inc. incurred revolving credit of $1,500,000,000 with Citibank, N.A., as administrative agent at Term SOFR plus a margin of between 0.575% and 1.000% maturing May 8, 2030.

Instrument: revolving credit
Principal: $1,500,000,000
Counterparty: Citibank, N.A., as administrative agent
Rate: Term SOFR plus a margin of between 0.575% and 1.000%
Maturity: May 8, 2030
Event: incurrence

Exact text from the filing

which provides for an unsecured revolving loan facility in the aggregate principal amount of $1,500,000,000

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101 debt financings filed in the last 30 days. Browse all debt financings →

Autodesk, Inc. filing history →

Source: SEC EDGAR

accession 0000769397-25-000063

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