Workday Prices $2.5 Billion Senior Notes Offering
Workday priced a $2.5 billion registered public offering of senior notes, expected to close October 23, 2026, with net proceeds designated to retire $1.0 billion of 3.500% notes due April 1, 2027 and any remainder used for general corporate purposes.
Key takeaways
The offering totals $2.5 billion in aggregate principal amount of senior notes.
The tranches are $750.0 million of 5.700% notes due 2029, $500.0 million of 6.000% notes due 2031, $750.0 million of 6.300% notes due 2033, and $500.0 million of 6.500% notes due 2036.
Closing is expected October 23, 2026, subject to the satisfaction of customary closing conditions.
Workday intends to use net proceeds to redeem, repay, repurchase, or otherwise retire $1.0 billion of 3.500% notes due April 1, 2027, with any remaining net proceeds used for general corporate purposes.
Morgan Stanley, BofA Securities, Barclays, and Wells Fargo Securities are acting as joint book-running managers.
The offering is made under an automatically effective Form S-3 shelf registration statement through a prospectus supplement and accompanying prospectus.
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