debt
confidence high
sentiment neutral
materiality 0.50
Autodesk issues $1B in 5.050%/5.650% notes due 2029/2033 to repay term loan
Autodesk, Inc.
- Issued $500M of 5.050% Notes due 2029 and $500M of 5.650% Notes due 2033 on Sept 8, 2026.
- Net proceeds, with cash on hand, will repay $1.0B aggregate principal under June 15, 2026 Term Loan Credit Agreement.
- Interest payable semi-annually on March 15 and September 15, commencing March 15, 2027.
- Underwriters: Morgan Stanley, BNP Paribas Securities Corp., and Citigroup Global Markets Inc.
- Notes include change-of-control repurchase and limited negative covenants; indenture with U.S. Bank Trust Company.