Fonts that you license from the Adobe Type Library directly from Adobe (not licensing the same font through a third party), have absolutely no restrictions against what you propose, creating filled polygons from the text.
However, you should be aware the outlining text does cause rendering degradation for both display and printing.
A better solution would be to create a PDF file (or at worst, an EPS file) with the actual font embedded using the subset option to embed only the glyphs used in the logo. That is perfectly legal within the constraints of the EULA (End User License Agreement) for fonts in the Adobe Type Library sourced from Adobe. That would eliminate the quality degradation caused by outlining. Note that EULAs for non-Adobe fonts are usually less liberal in terms of embedding rights.
For the Adobe Font EULAs, see http://www.adobe.com/type/browser/legal/index.html.
For some further information on embedding fonts in PDF and EPS files as well as other electronic documents, see http://www.adobe.com/type/browser/info/embedding.html.
"However, you should be aware the outlining text does cause rendering degradation for both display and printing."
What kind of degradation is involved here?
I've been outlining characters for years under the assumption that - aside from letter spacing and other hinting specs built into a font - a character's outline is identical whether it resides inside the font context our outside as a converted outline.