secwatch.observer — SEC 8-K summary
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Issuer:     Autodesk, Inc. (ADSK)
CIK:        0000769397
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001193125-21-290276
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 revolving credit facility, replacing $650M prior facility
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- New $1.5B unsecured revolver replaces existing $650M facility; no borrowings outstanding at close.
- Pricing tied to public debt ratings, with sustainability adjustments based on GHG emissions and % female technical staff.
- Covenant: max leverage ratio of 3.50:1.00, up to 4.00:1.00 for four quarters after acquisitions.
- Facility permits up to $2B in aggregate commitments via two annual increases.
- Citibank acts as administrative agent; proceeds for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769397/000119312521290276/0001193125-21-290276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769397/000119312521290276/d223051d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-290276

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