debt
confidence high
sentiment neutral
materiality 0.55
Adobe issues $2.0B in three-tranche notes: 4.750% (2028), 4.950% (2030), 5.300% (2035)
ADOBE INC.
- Issued $800M 4.750% Notes due 2028, $700M 4.950% Notes due 2030, $500M 5.300% Notes due 2035.
- Net proceeds of ~$1.99B after underwriting discounts and offering expenses.
- Proceeds will be used for general corporate purposes, including debt repayment, stock repurchases, capital expenditures, and acquisitions.
- Interest payable semi-annually on Jan 17 and Jul 17; first payment Jul 17, 2025.
- Underwriting syndicate led by J.P. Morgan, BofA Securities, SG Americas, U.S. Bancorp, Wells Fargo.