Simpson Thacher Represents Underwriters in $3.15 Billion Debt Offering by Adobe
02.04.20
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Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan 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 1.7% Notes due 2023, $500 million of 1.9% Notes due 2025, $850 million of 2.15% Notes due 2027 and $1.3 billion of 2.3% Notes due 2030. The offering closed on February 3, 2020. Adobe intends to use the net proceeds from this offering for general corporate purposes, including repayment of existing debt.
Adobe is one of the largest and most diversified software companies in the world.
The Simpson Thacher team included Risë Norman, Camilla Johnson and Elaine Zhou (Capital Markets); Sergio Torres (Tax); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).