Autodesk, Inc. has entered into an underwriting agreement to issue and sell $1 billion in aggregate principal amount of senior notes. The offering consists of two separate tranches, and the proceeds are intended to repay an existing $1.0 billion term loan.
Key Details
- Offering Details: The company will issue $500 million of 5.050% Senior Notes due 2029 and $500 million of 5.650% Senior Notes due 2033.
- Use of Proceeds: Net proceeds, along with cash on hand, will be used to repay the $1.0 billion principal amount under its Term Loan Credit Agreement dated June 15, 2026.
- Agreement Date: The underwriting agreement was entered into on September 8, 2026, with underwriters represented by Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., and Citigroup Global Markets Inc.