Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC, SG Americas Securities, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, in connection with Adobe Inc.’s (NASDAQ: ADBE) (“Adobe”) registered offering of debt securities. Adobe offered $500 million of 4.85% Notes due 2027, $750 million of 4.8% Notes due 2029 and $750 million of 4.95% Notes due 2034. The offering closed on April 4, 2024. Adobe intends to use the net proceeds from this offering for general corporate purposes, which may include repayment of debt, stock repurchases, capital expenditures and acquisitions.
Adobe is one of the largest and most diversified software companies in the world.
The Simpson Thacher team included Risë Norman, Joann Kim and Alex Michael (Capital Markets); Jon Cantor and Michael Slomovics (Tax); Rachelle Broida (Intellectual Property & Privacy); Pasco Struhs (Executive Compensation); and Jennie Getsin (FINRA and Blue Sky). Capital Markets associates Jieun Lim, Courtney Kobren and Sarika Pandrangi also provided valuable assistance.