Workday raises $3B through debt offering in three tranches

Mar. 31, 2022 6:11 AM ETWorkday, Inc. (WDAY)By: Niloofer Shaikh, SA News Editor1 Comment
  • Workday (NASDAQ:WDAY) has priced its underwritten, registered public offering of $3B of senior notes, consisting of $1B of 3.500% notes due 2027, $750M of 3.700% notes due 2029, and $1.25B of 3.800% notes due 2032.
  • The offering is expected to close on April 1, 2022.
  • Net proceeds will be used for general corporate purposes, which includes repaying an aggregate principal amount of $693.8M outstanding under existing senior unsecured term loan facility, and which may include repaying the $1.15B outstanding principal amount of 0.25% convertible senior notes due October 1, 2022.

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.