Form 8-K · Current report
Workday, Inc. 8-K, filed Oct 1, 2026
- Filed
- CIK
- 0001327811
- Accession no.
- 0001104659-26-112898
Summary
Workday entered into a new credit agreement on October 1, 2026 that provides a $1.5 billion revolving credit facility, replacing its April 2022 agreement, which had provided $1 billion. Wells Fargo Bank, National Association serves as administrative agent, with Bank of America, Barclays Bank PLC and Morgan Stanley Senior Funding as syndication agents.
Key points
- The facility matures on October 1, 2031, and Workday may request up to two one-year extensions of the maturity date.
- Workday had no outstanding revolving loans under the agreement as of October 1, 2026.
- Loans may be denominated in U.S. Dollars, Euros, Sterling and Canadian Dollars, with alternative-currency loans capped at $525 million in the aggregate.
- The agreement requires Workday not to exceed a maximum leverage ratio of 3.50 to 1.00, with a step-up to 4.50 to 1.00 for a period following a Qualified Acquisition.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 – Entry into a Material Definitive Agreement Credit Agreement On October 1, 2026 (the “Closing Date”), Workday, Inc. (“Workday”) entered into a Credit Agreement (the “Credit Agreement”) by and among Workday, the subsidiaries of Workday party thereto from time to time, the several lenders from time to time party thereto (the “Lenders”), Wells Fargo Bank, National Association, as the administrative agent, the swing line lender, and an L/C issuer (in such capacities, the “Administrative Agent”), the other L/C issuers party thereto, Bank of America, N.A., Barclays Bank PLC, and Morgan Stanley Senior Funding, Inc., as syndication agents, and Wells Fargo Securities, LLC, BofA…
An excerpt of the text as filed with the SEC, cut for length.
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