Adobe Inc. has issued a Pricing Term Sheet on April 1, 2024, in connection with its previously filed Preliminary Prospectus Supplement. The term sheet announces the pricing of three series of notes with varying maturity dates: $500 million 4.850% Notes due 2027, $750 million 4.800% Notes due 2029, and $750 million 4.950% Notes due 2034. The notes are priced close to their principal amounts and offer yields to maturity ranging from 4.834% to 4.975%. Interest on these notes will be paid semi-annually starting October 4, 2024. Adobe has the option to redeem the notes at a make-whole call at T+10 basis points before their respective maturity dates. The total proceeds before expenses to Adobe are estimated at $1,990,920,000. The notes have been rated A1 by Moody's and A+ by S&P. The joint book-running managers for this offering include BofA Securities, Inc., J.P. Morgan Securities LLC, and others, with additional co-managers also participating. The settlement date for the notes is scheduled for April 4, 2024.

Adobe Inc. has issued a Pricing Term Sheet on April 1, 2024, in connection with its previously filed Preliminary Prospectus Supplement. The term sheet announces the pricing of three series of notes with varying maturity dates: $500 million 4.850% Notes due 2027, $750 million 4.800% Notes due 2029, and $750 million 4.950% Notes due 2034. The notes are priced close to their principal amounts and offer yields to maturity ranging from 4.834% to 4.975%. Interest on these notes will be paid semi-annually starting October 4, 2024. Adobe has the option to redeem the notes at a make-whole call at T+10 basis points before their respective maturity dates. The total proceeds before expenses to Adobe are estimated at $1,990,920,000. The notes have been rated A1 by Moody's and A+ by S&P. The joint book-running managers for this offering include BofA Securities, Inc., J.P. Morgan Securities LLC, and others, with additional co-managers also participating. The settlement date for the notes is scheduled for April 4, 2024.