Workday Prices $2.5 Billion in Notes, Plans to Retire 2027 Debt

Workday priced $2.5 billion in senior notes Oct. 21 to help retire debt maturing in 2027, dividing the borrowing among four tranches due between 2029 and 2036. The offering includes $750 million in notes due in 2029 with a 5.700% coupon and $750 million due in 2033 with a 6.300% coupon. Two $500 million tranches carry coupons of 6.000% for notes due in 2031 and 6.500% for notes due in 2036.

Source: TokenPost