Adobe Inc. has announced the successful completion of a public offering of $2 billion in corporate bonds, detailed in its latest Form 8-K filing with the SEC. The offering, completed on January 17, 2025, includes the issuance of three tranches of Notes:

1. **$800 million in 4.750% Notes maturing in 2028**
2. **$700 million in 4.950% Notes maturing in 2030**
3. **$500 million in 5.300% Notes maturing in 2035**

These bonds were issued under an Indenture agreement with Computershare Trust Company, N.A., and will accrue interest semi-annually, starting July 17, 2025. Adobe intends to use the net proceeds of approximately $1.99 billion for general corporate purposes, which may include debt repayment, stock repurchases, capital expenditures, and acquisitions.

The bonds offer redemption options before their maturity dates. Adobe may redeem the Notes either at their full principal amount or at a price based on a calculation involving Treasury rates, plus specific basis points depending on the tranche. Each series can also be redeemed at par value after defined "Par Call Dates."

This issuance was underwritten by a consortium led by J.P. Morgan Securities, BofA Securities, SG Americas Securities, U.S. Bancorp Investments, and Wells Fargo Securities.

The filing also includes exhibits such as the Underwriting Agreement, Indenture, Officer’s Certificate, forms of the Notes, and legal opinions. Daniel Durn, Adobe’s CFO and Executive VP, signed the report.