Autodesk is selling $500 million of 5.050% notes due 2029 and $500 million of 5.650% notes due 2033. The proceeds, combined with cash on hand, are intended to repay $1.0 billion of term-loan principal, while investors receive defined interest payments and contractual protections.

Key Highlights

  • The 2029 Notes carry a 5.050% annual interest rate, while the 2033 Notes carry a 5.650% rate.
  • Interest payments begin March 15, 2027, and recur semi-annually on March 15 and September 15.
  • Autodesk may need to repurchase the Notes after a change in control and specified downgrades below Investment grade.

Autodesk, Inc. (NASDAQ: ADSK) is selling $500 million of 5.050% Notes due 2029 and $500 million of 5.650% Notes due 2033.

The 2029 Notes accrue interest annually at 5.050%, while the 2033 Notes accrue interest annually at 5.650%. Wilson Sonsini Goodrich & Rosati issued an opinion dated September 10, 2026, addressing the legality of the Notes.

Investor Protections and Default Terms

A change in control combined with downgrades of the Notes below investment grade could require Autodesk to offer repurchases. The indenture restricts liens on principal property, sale-and-leaseback transactions involving principal property, and consolidation, Merger or sale of all or substantially all assets. Payment failures, covenant non-performance and bankruptcy-related events are defaults that can accelerate the entire principal amount.