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Adobe Systems grosses $989.3 million from debt offering

Adobe Systems Inc. raised gross proceeds of $989.3 million from an offering of 3.250% senior notes due 2025.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, and redemption or repayment of debt securities.

J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC, RBS Securities Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC were the lead underwriters.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., MUFG Securities Americas Inc. and SMBC Nikko Securities America Inc. also served as underwriters for the offering.