secwatch.observer — SEC 8-K summary
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Issuer:     Autodesk, Inc. (ADSK)
CIK:        0000769397
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000769397-25-000063
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Autodesk enters $1.5B unsecured revolving credit facility, replacing prior agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769397/000076939725000063/0000769397-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769397/000076939725000063/adsk-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000769397-25-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer