Adobe to Faucet Debt Markets to Fund Figma-Deal As soon as it Has DOJ Approval – thqaftqlm

Adobe to Faucet Debt Markets to Fund Figma-Deal As soon as it Has DOJ Approval

Adobe Inc. is seeking to enter the investment-grade bond market later this yr to assist fund its deliberate buy of Figma Inc. and refinance upcoming maturities in a single go, Chief Monetary Officer Dan Durn stated.

The software program firm plans to challenge bonds to finance the Figma transaction — which may embody changing its $3.5 billion delayed draw time period mortgage — and $1.5 billion of bonds set to mature in 2025 across the cut-off date for the deal, Durn stated in an interview on Thursday. Adobe needs to cowl all its upcoming funding wants on the subject of the market and take out each short-and long-dated bonds, he added.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top