Workday prices $2.5 billion bond sale to refinance debt and add liquidity
Workday ($WDAY) priced a $2.5 billion offering of senior notes across four maturities. The financing comprises $750 million due in 2029 at 5.7%, $500 million due in 2031 at 6%, $750 million due in 2033 at 6.3%, and $500 million due in 2036 at 6.5%. Closing is expected on October 23, subject to customary conditions. The software company intends to use part of the net proceeds to retire $1 billion of 3.5% notes maturing in April 2027, with remaining funds available for general corporate purposes.
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