Adobe entered into an underwriting agreement with the representatives of the underwriters on January 14, 2025 to issue and sell $800,000,000 of 4.750% Notes due 2028, $700,000,000 of 4.950% Notes due 2030, and $500,000,000 of 5.300% Notes due 2035.

1. 01

   Adobe entered into an underwriting agreement with the representatives of the underwriters on January 14, 2025 to issue and sell $800,000,000 of 4.750% Notes due 2028, $700,000,000 of 4.950% Notes due 2030, and $500,000,000 of 5.300% Notes due 2035.

2. 02

   Adobe said it completed the offering of the Notes on January 17, 2025 under a Form S-3 registration statement, and that net proceeds after underwriting discounts and estimated offering expenses were approximately $1.99 billion.

3. 03

   The company said it plans to use the net proceeds for general corporate purposes, which may include debt repayment, stock repurchases, capital expenditures and acquisitions.

4. 04

   The company said interest on the Notes will accrue from January 17, 2025 at 4.750% per year for the 2028 Notes, 4.950% per year for the 2030 Notes and 5.300% per year for the 2035 Notes. Interest will be paid in arrears on January 17 and July 17 each year, with the first payment due on July 17, 2025. The Notes mature in 2028, 2030 and January 17, 2035, respectively.

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Original filing

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