Adobe Systems extends maturity of its $1 billion revolver to 2020

By Wendy Van Sickle

Columbus, Ohio, July 30 – Adobe Systems, Inc. extended its existing $1 billion senior unsecured revolving credit facility to July 27, 2020, according to an 8-K filing with the Securities and Exchange Commission.

As before, the facility allows the company to request an additional $500 million in commitments.

Interest continues to range from Libor plus 79.5 basis points to 130 bps, based on debt ratings.

Bank of America, NA is the administrative agent.

Adobe is a San Jose, Calif., computer software and services provider for businesses.

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