Workday, Inc. (WDAY) Form 424B5 — Oct 22, 2026
Workday priced a $2.5 billion senior unsecured notes offering across four tranches: $750M at 5.700% due 2029, $500M at 6.000% due 2031, $750M at 6.300% due 2033, and $500M at 6.500% due 2036, for estimated net proceeds of about $2.47 billion. The company intends to use the proceeds to retire its $1.0 billion of 3.500% notes due April 1, 2027, with the remainder for general corporate purposes including possible acquisitions and share repurchases. After the offering, pro forma total debt rises to roughly $4.5 billion from $3.0 billion as of July 31, 2026.
Key figures
- Total Debt
- $2,989 million actual; $4,462 million as adjusted
- Debt Amount
- 2500000000
- Total Assets
- $15,857 million as of July 31, 2026
- Cash Position
- $661 million cash and cash equivalents as of July 31, 2026
- Interest Rate
- 5.700% (2029), 6.000% (2031), 6.300% (2033), 6.500% (2036)
- Maturity Date
- October 23, 2029 / 2031 / 2033 / 2036
- Gross Proceeds
- 2491642500
- Shares Outstanding
- 241 million total (196 million Class A + 45 million Class B)
- Net Proceeds
- $2.47 billion
- Refinanced Notes
- $1.0 billion 3.500% notes due April 1, 2027
- Six Month Revenue
- $5,191 million
- Fiscal2026 Revenue
- $9,552 million
- Six Month Net Income
- $854 million
- Fiscal2026 Net Income
- $693 million
- Underwriting Discount
- $14,312,500
- Revolving Credit Facility
- $1.5 billion (2026 Credit Agreement, matures October 1, 2031)
AI analysis
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