Autodesk, Inc. Establishes $2.0B Commercial Paper Program

What Happened
Autodesk, Inc. announced on July 13, 2026 that it has established an unsecured commercial paper program allowing up to $2.0 billion of notes outstanding at any one time. The notes will have maturities of no more than 365 days and will be sold on customary U.S. commercial paper terms. Autodesk said it expects to use proceeds for general corporate purposes, including to partially finance the transactions contemplated by its May 28, 2026 Agreement and Plan of Merger related to MaintainX Inc.

Key Details

• Program date: July 13, 2026; maximum aggregate principal outstanding: $2.0 billion.
• Note maturities: up to 365 days from issuance; as of the 8-K date, no notes had been issued.
• Backstop: the program is supported by available capacity under Autodesk’s existing unsecured revolving credit facility with $2.0 billion aggregate commitments.
• Compliance: Notes will be unsecured, pari passu with other unsecured unsubordinated debt, and will not be registered under the U.S. Securities Act.

Why It Matters
This gives Autodesk a flexible, short-term funding source to manage liquidity and support corporate uses, including financing part of the pending merger with MaintainX. The program’s size and the backstop from the existing $2.0 billion credit facility reduce near-term financing risk, but investors should note the notes are short-term commercial paper (not registered securities) and the company has not yet issued any notes. The filing includes standard forward-looking statement cautions about completion and financing of the Transactions.