Autodesk Issues $1 Billion in Notes to Repay Term Loan
Filed with the SEC on · Summarized by InvestorsBot
Autodesk entered into an underwriting agreement with Morgan Stanley, BNP Paribas and Citigroup to issue $500 million of 5.050% notes due 2029 and $500 million of 5.650% notes due 2033. The company plans to use the net proceeds, together with cash on hand, to repay $1 billion outstanding under its June 2026 term loan; interest will be paid semiannually beginning March 15, 2027.