Autodesk, Inc. (NASDAQ:ADSK) is one of the best falling stocks to invest in, according to ***** ysts. On June 15, Autodesk, Inc. (NASDAQ:ADSK) amended its credit agreements to obtain access to significant capital to complete the acquisition of MaintainX Inc.
The regulatory filing indicates the company increased its unsecured revolving credit facility to $2 billion from $1.5 billion in its credit agreement with Citibank N.A as the administrative agent. 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 facility will also fund the acquisition and will mature 364 days after the acquisition closes.
The company has entered into an agreement to acquire MaintainX in an all-cash transaction valued at $3.6 billion. The acquisition offers strong expansion potential across customer segments, geographies, and adjacent use cases. It will also give Autodesk access to rich data on ***** et history, inspections, maintenance patterns, and real-world performance.
Autodesk, Inc. (NASDAQ:ADSK) is a multinational software corporation that creates computer-aided design (CAD) and engineering software. Its applications are primarily used by architects, engineers, manufacturers, and media professionals to design, simulate, build, and animate.
The regulatory filing indicates the company increased its unsecured revolving credit facility to $2 billion from $1.5 billion in its credit agreement with Citibank N.A as the administrative agent. 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 facility will also fund the acquisition and will mature 364 days after the acquisition closes.
The company has entered into an agreement to acquire MaintainX in an all-cash transaction valued at $3.6 billion. The acquisition offers strong expansion potential across customer segments, geographies, and adjacent use cases. It will also give Autodesk access to rich data on ***** et history, inspections, maintenance patterns, and real-world performance.
Autodesk, Inc. (NASDAQ:ADSK) is a multinational software corporation that creates computer-aided design (CAD) and engineering software. Its applications are primarily used by architects, engineers, manufacturers, and media professionals to design, simulate, build, and animate.
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