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Adobe Systems eyes $750 million sale of 10-year senior notes
By Aleesia Forni
Virginia Beach, Jan. 21 – Adobe Systems Inc. plans to sell a $750 million offering of senior notes (Baa1/A-/) due 2025, according to a market source and a 424B2 filed with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan Securities LLC, RBS Securities Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used for general corporate purposes, which include repaying $600 million of Adobe’s 3.25% senior notes due 2015.
Adobe is a San Jose, Calif., computer software and services provider for businesses.
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