Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, BofA Securities, Inc., SG Americas Securities, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, in connection with Adobe Inc.’s (“Adobe”) registered offering of $2 billion aggregate principal amount of its notes, consisting of $800 million aggregate principal amount of 4.750% Notes due 2028, $700 million aggregate principal amount of 4.950% Notes due 2030 and $500 million aggregate principal amount of 5.300% Notes due 2035. The offering closed on January 17, 2025. 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 a global technology company with a mission to change the world through personalized digital experiences.
The Simpson Thacher team included Hui Lin, Evan Zuckerman and Erin Camia (Capital Markets); Michael Mann and Michael Slomovics (Tax); Alysha Sekhon (Intellectual Property & Privacy); Pasco Struhs (Executive Compensation); and Jennie Getsin (FINRA and Blue Sky).