Autodesk amends credit agreements to fund MaintainX acquisition
Autodesk increased its unsecured revolving credit facility to $2 billion from $1.5 billion.
The new agreement provides streamlined borrowing conditions of up to $1 billion to fund the proposed purchase of MaintainX.
Autodesk has also entered into a Term Loan Credit Agreement to access an additional $1 billion in an unsecured 364-day delayed draw term loan facility.
The company has entered into an agreement to acquire MaintainX in an all-cash transaction valued at $3.6 billion, offering strong expansion potential across customer segments, geographies, and adjacent use cases.