---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-010953"
form_type: "8-K"
ticker: "ADBE"
cik: "0000796343"
company_name: "ADOBE INC."
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:36:41.730635+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Adobe (ADBE) enters $3.5B term loan facility to fund Figma acquisition

## Summary
- Up to $3.5B senior unsecured delayed draw term loan; proceeds to fund a portion of Figma acquisition cash consideration and fees.
- Loan available upon Figma closing; availability period ends Sept 15, 2023 (extendable to Mar 15, 2024 under certain conditions).
- Matures two years after funding; no scheduled principal amortization; prepayable without premium or penalty.
- Interest at Term SOFR or Base Rate plus margin based on Adobe's debt rating; commitment fees payable on undrawn commitments.
- Lenders include Bank of America (admin agent), JPMorgan, Societe Generale, US Bank, Wells Fargo and others.

## SEC filing metadata
- accession: 0001193125-23-010953
- form_type: 8-K
- ticker: ADBE
- cik: 0000796343
- company_name: ADOBE INC.
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796343/000119312523010953/0001193125-23-010953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796343/000119312523010953/d400939d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-010953
- JSON: https://secwatch.observer/filing/0001193125-23-010953.json
- Plain text: https://secwatch.observer/filing/0001193125-23-010953.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.