secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001193125-22-186450
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000119312522186450/0001193125-22-186450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000119312522186450/d368091d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-186450

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