01—Abstract
Summary
Summary of the 8-K filed September 10, 2026. Cited figures are marked; the original filing is the authoritative source.
Autodesk, Inc. (ADSK) has announced the successful issuance and sale of $1 billiona in aggregate principal amount of senior notes through a public offering.
This debt issuance comprises $500 millionb of 5.050% Notes due 2029 and $500 million of 5.650% Notes due 2033. The primary purpose of this offering is to refinance existing debt, specifically to repay $1.0 billion under its Term Loan Credit Agreement dated June 15, 2026. This strategic move indicates Autodesk's proactive management of its capital structure and debt obligations.
The company entered into an underwriting agreement with a syndicate of underwriters led by Morgan Stanley, BNP Paribas Securities Corp., and Citigroup Global Markets Inc. The notes are governed by an indenture, with customary covenants and events of default outlined. Investors should note the potential for a change in control offer to repurchase the notes and the company's option to redeem them. This offering, filed under a Form S-3 registration statement, provides Autodesk with significant liquidity and allows for a more favorable debt maturity profile.
02—Key points
Key Highlights
- Autodesk raised $1 billion in aggregate principal amount through the issuance of two series of senior notes.
- The new debt includes $500 million of 5.050% Notes due 2029 and $500 million of 5.650% Notes due 2033.
- Proceeds will be used to repay $1.0 billion of outstanding debt under the Term Loan Credit Agreement dated June 15, 2026.
- The offering was conducted through a public offering registered on Form S-3.
- The notes are governed by an indenture with U.S. Bank Trust Company, National Association as trustee.
- Customary covenants, including restrictions on liens and sale-and-leaseback transactions, are included in the indenture.
- Autodesk may be required to offer to repurchase notes upon a change in control and credit rating downgrade.
03—Questions
Frequently Asked Questions
What is the total amount of debt Autodesk raised in this offering?
Autodesk raised a total of $1 billion in aggregate principal amount through the issuance of its 2029 Notes and 2033 Notes.
How will Autodesk use the proceeds from this debt issuance?
Autodesk intends to use the net proceeds from this offering, along with cash on hand, to repay $1.0 billion of outstanding debt under its Term Loan Credit Agreement dated June 15, 2026.
What are the interest rates and maturity dates for the new notes?
The offering consists of $500 million of 5.050% Notes due 2029 and $500 million of 5.650% Notes due 2033. Interest on these notes accrues annually at the stated rates and is payable semi-annually.
Are there any specific provisions related to a change of control for these notes?
Yes, Autodesk may be required to offer to repurchase the notes if a change in control event occurs and the notes are concurrently downgraded below investment grade ratings. The company may also elect to redeem the notes under certain conditions outlined in the indenture.
04—Continue