{"url_path":"/sec/adsk/8-k/2026-06-15/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 ** **Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-15","source_url":"https://www.sec.gov/Archives/edgar/data/769397/0001213900-26-068533-index.html","accession_number":"0001213900-26-068533","cik":"0000769397","ticker":"ADSK","issuer_name":"Autodesk, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/769397/0001213900-26-068533-index.html","primary_entity_key":"0000769397","primary_entity_name":"Autodesk, Inc."},"word_count":732,"has_tables":true,"body_markdown":"**Item 1.01** **Entry into a Material Definitive Agreement.**\n\n* *\n\n*Amendment\nto Revolving Credit Agreement*\n\n* *\n\nOn\nJune 15, 2026 (the “Effective Date”), Autodesk, Inc. (the “Company”) entered into an Amendment No. 1 to Credit\nAgreement (the “Revolver Amendment”), which amends the Company’s existing Credit Agreement, dated as of May 8, 2025,\namong the Company, Citibank, N.A. (“Citibank”), as administrative agent, and the lenders from time to time party thereto\n(as amended, the “Revolving Credit Agreement”). Among other things, the Revolver Amendment:\n\n \n\n(i)increases\nthe commitments of the unsecured revolving credit facility provided pursuant to the Revolving\nCredit Agreement from an aggregate principal amount of $1.5 billion to an aggregate principal\namount of $2 billion, and\n\n \n\n(ii)provides\ngreater funding certainty to consummate the Company’s merger transaction with MaintainX\nInc. (the “Acquisition”) by providing more limited conditions to borrowing under\nthe Revolving Credit Agreement, in the case of borrowings up to $1.0 billion that are applied\non the closing date of the Acquisition (the “Acquisition Closing Date”) for purposes\nof funding the Acquisition transaction.\n\n \n\nExcept\nas amended by the Revolver Amendment, the terms of the Revolving Credit Agreement remain in full force and effect.\n\n \n\nThe\nRevolver Amendment is attached hereto as Exhibit 10.1 and is incorporated by reference herein. The above description does not\npurport to be complete and is qualified in its entirety by reference to such exhibit.\n\n* *\n\n*Term\nLoan Agreement*\n\n* *\n\nOn\nthe Effective Date, the Company entered into a Term Loan Credit Agreement (the “Term Loan Credit Agreement”) with Citibank,\nas administrative agent, and the lenders from time to time party thereto, which provides for an unsecured 364-day delayed draw term loan\nfacility in the aggregate principal amount of $1.0 billion.\n\n \n\nBorrowings\nunder the Term Loan Credit Agreement are limited to loans funded on the Acquisition Closing Date (the “Term Loan”) for purposes\nof funding the Acquisition transaction and will mature 364 days after the Acquisition Closing Date. Voluntary prepayments of the Term\nLoan are permitted, in whole or in part, in minimum amounts without premium or penalty, other than customary breakage costs. The Term\nLoan is also subject to certain mandatory prepayment events, including by an amount equal to the net cash proceeds received by the Company\nfrom certain debt issuances, equity issuances or asset sales (in each case, subject to certain exceptions). In the case of any such events\noccurring prior to the funding of the Term Loan on the Acquisition Closing Date, the commitments under the Term Loan will be reduced\nby the same amounts that otherwise would have been required to be applied as a mandatory prepayment of the funded Term Loan.\n\n \n\nThe\nTerm Loan will bear interest, at the Company’s option, at a rate per annum equal to either (i) the Base Rate (as defined below)\nplus a margin ranging from 0.0% to 0.125%, depending on the Company’s public debt rating or (ii) a SOFR rate plus a margin ranging\nfrom 0.625% to 1.125%, depending on the Company’s public debt rating. As used herein, “Base Rate” means a floating\nrate per annum equal to the greatest of (A) Citibank’s base lending rate, (B) the federal funds rate plus 0.50% and (C) Term SOFR\nfor a one-month tenor plus 1.00%.\n\n \n\n1\n\n \n\nUnder\nthe Term Loan Credit Agreement, the Company will pay to each Lender a ticking fee on a quarterly basis based on undrawn commitments under\nthe Term Loan Credit Agreement of between 0.050% and 0.125% per annum, depending on the Company’s public debt rating. Such ticking\nfee will not begin to accrue until 120 days after the Effective Date.\n\n \n\nThe\nTerm Loan Credit Agreement contains substantially similar representations, warranties, covenants, events of default, and financial covenants\n(including requirements with respect to a maximum leverage ratio of Consolidated Covenant Debt to Consolidated EBITDA (each as defined\nin the Term Loan Credit Agreement)) as provided in the Revolving Credit Agreement.\n\n \n\nCitibank\nand the other lenders under the Revolving Credit Agreement and the Term Loan Credit Agreement, and certain of their respective\naffiliates have provided, and in the future may provide, financial, banking and related services to the Company. These parties have\nreceived, and in the future may receive, compensation from the Company for these services.\n\n* *\n\nThe\nTerm Loan Credit Agreement is attached hereto as Exhibit 10.2 and is incorporated by reference herein. The above description does not\npurport to be complete and is qualified in its entirety by reference to such exhibit."}