Adobe issues $2B in notes across three tranches; net proceeds ~$1.99B

ADOBE INC.

Issued $500M 4.850% Notes due 2027, $750M 4.800% Notes due 2029, and $750M 4.950% Notes due 2034.
Net proceeds of approximately $1.99 billion after underwriting discounts and expenses.
Proceeds to be used for general corporate purposes, including debt repayment, stock repurchases, capital expenditures, and acquisitions.
Interest payable semi-annually starting October 4, 2024; redemption provisions include par call dates.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ADOBE INC. entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, SG Americas Securities, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC valued at $500,000,000 aggregate principal amount of the Company’s 4.850% Notes due 2027, $750,000,000 aggrega (effective 2024-04-01).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, SG Americas Securities, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC
Value: $500,000,000 aggregate principal amount of the Company’s 4.850% Notes due 2027, $750,000,000 aggrega
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, Adobe Inc. (“Adobe”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., J.P. Morgan Securities LLC, SG Americas Securities, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters.

View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

ADOBE INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-087244

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