secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001193125-23-010953
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000119312523010953/0001193125-23-010953-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000119312523010953/d400939d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-010953

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