Loan & DebtJun 15, 2026, 09:16 AM
Autodesk Increases Credit Facility to $2B, Adds $1B Term Loan for Acquisition
AI Summary
Autodesk, Inc. has amended its existing credit agreement to increase its unsecured revolving credit facility commitments from $1.5 billion to $2 billion. Additionally, the company entered into a new $1 billion, 364-day delayed draw term loan facility. Both actions are intended to provide funding certainty for its pending acquisition of MaintainX Inc. The term loan facility has specific conditions for borrowing on the acquisition closing date and includes provisions for interest rates based on SOFR or Base Rate, along with a ticking fee on undrawn commitments.
Key Highlights
- Autodesk amended its revolving credit facility, increasing commitments from $1.5B to $2B.
- A new $1B, 364-day delayed draw term loan facility was established to fund the MaintainX Inc. acquisition.
- The revolving credit facility now has more limited borrowing conditions for funding the acquisition.
- The term loan facility will bear interest at SOFR plus a margin of 0.625% to 1.125% or Base Rate plus 0.0% to 0.125%, depending on public debt rating.
- A ticking fee of 0.050% to 0.125% per annum will be paid on undrawn commitments under the term loan, starting 120 days after the effective date.
Price Impact
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