Form 8-K · Current report
Workday, Inc. 8-K, filed Oct 23, 2026
- Filed
- CIK
- 0001327811
- Accession no.
- 0001104659-26-118496
Summary
Workday completed the issuance and sale of $2.5 billion in senior notes across four series maturing from 2029 to 2036, following an underwriting agreement with representatives Morgan Stanley & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., and Wells Fargo Securities, LLC. Workday estimates net proceeds of approximately $2.47 billion and intends to use them to redeem, repay, repurchase, or otherwise retire its $1.0 billion of 3.500% notes due April 1, 2027, with any remainder for general corporate purposes.
Key points
- The notes consist of $750.0 million of 5.700% senior notes due 2029, $500.0 million of 6.000% senior notes due 2031, $750.0 million of 6.300% senior notes due 2033, and $500.0 million of 6.500% senior notes due 2036.
- The notes are senior unsecured obligations ranking equally with Workday's existing and future unsecured, unsubordinated debt, with interest payable semi-annually beginning April 23, 2027.
- Upon a Change of Control Triggering Event, Workday is required to offer to purchase the notes at 101% of principal plus accrued interest.
- Fenwick & West LLP provided the legal opinion relating to the notes.
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
- 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 On October 21, 2026, Workday, Inc. (“Workday”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. The Underwriting Agreement provides for the issuance and sale by Workday of $2.5 billion aggregate principal amount of senior notes, consisting of $750.0 million aggregate principal amount of 5.700% senior notes due 2029 (the “2029 Senior Notes”), $500.0 million aggregate principal amount of 6.000% senior notes due 2031 (the “2031 Senior Notes”), $750.0…
An excerpt of the text as filed with the SEC, cut for length.
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