Workday prices $2.5 billion senior notes in four-tranche offering
Workday, Inc. completed an underwritten public offering of $2.5 billion aggregate principal amount of senior notes consisting of four tranches: $750 million 5.700% notes due 2029, $500 million 6.000% notes due 2031, $750 million 6.300% notes due 2033, and $500 million 6.500% notes due 2036. The company estimates net proceeds of approximately $2.47 billion after deducting underwriting discounts and offering expenses, with intentions to use proceeds to redeem $1.0 billion of its 3.500% notes due April 2027 and for...
Key takeaways
Workday issued $2.5 billion in senior notes across four tranches with coupons ranging from 5.700% to 6.500%
Net proceeds of approximately $2.47 billion after fees; company to redeem $1.0 billion of existing 3.500% notes due April 2027
Notes rated BBB+ by S&P and Baa1 by Moody's; joint book-running managers include Morgan Stanley, BofA Securities, Barclays, and Wells Fargo
Interest payment dates are semi-annually on April 23 and October 23, commencing April 23, 2027
Primary source
TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.
Open SEC filingFollow WDAY in real time
Get material earnings, filing, IR, and earnings-call alerts by email.