Pleasanton, California, October 21st / PRNewswire / -- Workday, Inc. (Nasdaq ticker: WDAY) Today, it was announced that pricing has been established for a $2.5 billion senior note offering that the company underwrote and registered for public issuance. The offering includes: $750 million in senior notes with a coupon rate of 5.700% and maturing in 2029; $500 million in senior notes with a coupon rate of 6.000% and maturing in 2031; $750 million in senior notes with a coupon rate of 6.300% and maturing in 2033; and $500 million in senior notes with a coupon rate of 6.500% and maturing in 2036.
The company expects the issuance to be completed on October 23, 2026, but it is subject to meeting the usual delivery conditions.
Workday indicates that the net proceeds from this issuance are planned to be used for redeeming, repaying, repurchasing, or settling in some other manner its notes amounting to $1 billion with a coupon rate of 3.500% maturing on April 1, 2027, on or before the maturity date. The remaining net proceeds will be used for general corporate purposes.
Morgan Stanley, BofA Securities, Barclays, and Wells Fargo Securities served as the joint bookrunners for this issuance.
This issuance is conducted in accordance with the Form 10-F registration statement previously submitted to the U.S. Securities and Exchange Commission (SEC) by Workday, which has automatically taken effect. It is only supplemented by the prospectus supplementary documents and the accompanying prospectus. Before making an investment, investors should read the prospectus supplementary documents and the accompanying prospectus, as well as other documents that Workday has submitted or will submit to SEC in order to obtain more complete information regarding Workday and this issuance. These documents can be freely retrieved in the online database at SEC's website www.sec.gov under EDGAR.
Or, the supplementary documents to the preliminary prospectus and the accompanying prospectus, as well as the final supplementary documents to this prospectus when available, can be obtained in the following manner: Morgan Stanley & Co.LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Recipient: Prospectus Department, or email to [ email protected ]; BofA Securities, Inc., 201 North Tryon Street NC1 -022-02-25, Charlotte, North Carolina 28255-0001, Recipient: Prospectus Department, Free phone: 1-800-294-1322, Email: [ email protected ]; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or email [ email protected ], or phone 1-888-603-5847); or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Recipient: WFS Customer Service, Phone: +1-800-645-375, Email: [ email protected ].
This press release does not constitute an offer to sell, nor an invitation to purchase; notes shall not be sold in any jurisdiction where registration or qualification requirements under securities laws have not been met, rendering such offers, invitations, or sales illegal.
About Workday
Workday operates in the core areas of enterprises – human resources, finance, and IT – where the margin for error is virtually zero. Workday closely integrates AI with the context, safeguards, and trusted processes that support business operations, transforming it from a mere assistant to an entity capable of driving measurable results. Over 11,500 organizations worldwide trust Workday for its services, including more than 65% of the Fortune 500 companies. For more information, please visit workday.com.
Forward-looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which include but are not limited to statements regarding the expected terms of this offering, the estimated time of completion, and the intended use of the net proceeds from the offering. Forward-looking statements can be identified by words such as “believes,” “may,” “will,” “estimates,” “continues,” “expects,” “intends,” “plans,” “expects,” “seeks,” “plans,” and similar expressions. These forward-looking statements are based solely on information currently available and the company’s current beliefs, expectations, and assumptions. Since forward-looking statements involve the future, they carry inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are beyond the company’s control. If these risks materialize, assumptions prove incorrect, or unexpected events occur, actual results may differ significantly from those implied in these forward-looking statements. Therefore, reliance should not be placed on any such forward-looking statements. Risks include, but are not limited to, those identified in the documents submitted by the company to SEC, including the most recent 10-Q or 10-K reports and other reports submitted from time to time to SEC. These risks could cause actual results to differ from expectations. Except as required by law, Workday has no obligation to update any such forward-looking statements after the date of this press release and has no current intention to do so.
