Autodesk’s $500 Million Notes Offering


Davis Polk advised the joint book-running managers in connection with the SEC-registered offering. Skadden, Arps, Slate, Meagher & Flom acted as special counsel to Autodesk, Inc.

Autodesk, Inc. issued $500 million aggregate principal amount of 2.850% Notes due 2030. The notes are Autodesk’s senior unsecured obligations.

Autodesk intends to use the net proceeds from the sale of the notes for general corporate purposes, which will include repaying $450 million in aggregate principal amount of its 3.125 percent notes due June 15, 2020, plus accrued and unpaid interest thereon together with a redemption premium.

BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as joint book-running managers for the offering.

Autodesk, Inc., is a leader in 3D design, engineering and entertainment software. Customers across the architecture, engineering and construction, product design and manufacturing, and digital media and entertainment industries use Autodesk software to design, visualize and simulate their ideas.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associates Jeffrey C. Lau and Sylvia Zaich. The tax team included partner Rachel D. Kleinberg and associate Adam R. Brownstone. The intellectual property and technology team included partner Frank J. Azzopardi and associate Jennifer Leather. Associate J. Taylor Arabian provided ’40 Act advice.

Involved fees earner: Taylor Arabian – Davis Polk & Wardwell; Frank Azzopardi – Davis Polk & Wardwell; Adam Brownstone – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Jeffrey Lau – Davis Polk & Wardwell; Jennifer Leather – Davis Polk & Wardwell; Sylvia Zaich – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; J.P. Morgan Securities LLC;