Adobe enters new $1.5B revolver; terminates prior $2.0B facility

ADOBE INC.

New five-year $1.5B revolving credit facility (matures June 30, 2027); can be increased by $500M to $2.0B.
Prior $2.0B facility (expiring Oct 2023) terminated with no outstanding borrowings and no termination penalties.
Interest rates based on Term SOFR or Base Rate plus margin tied to Adobe's debt rating; facility fee payable on total commitments.
Proceeds for general corporate purposes; customary covenants including limitations on liens and indebtedness.

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