Workday prices $2.5 billion of senior notes with 5.7% to 6.5% coupons
Workday raised $2.5 billion through notes maturing 2029 to 2036. Proceeds will retire $1.0 billion of 2027 notes and fund general corporate purposes.
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what happened
Workday, Inc. (WDAY) has priced a $2.5 billion offering of senior notes in four tranches. The package includes $750 million at a 5.700% coupon due 2029, $500 million at 6.000% due 2031, $750 million at 6.300% due 2033, and $500 million at 6.500% due 2036. The information was reported by TradingView, citing a press release from Workday distributed through PR Newswire.
The company plans to use the proceeds to retire $1.0 billion of 3.500% notes maturing April 1, 2027, and for general corporate purposes. Closing is expected on October 23, 2026.
why it matters
The deal comes in a high-rate environment: lower-coupon debt is being replaced with paper carrying noticeably higher yields, so the company's interest expense is likely to rise. Investors may watch how the remaining proceeds are allocated and whether management comments on interest costs or leverage targets after the offering.
market impact
WDAY bonds: refinancing at higher rates raises the company's interest expense
tags
instruments
sources
- Workday, Inc. (WDAY) Prices $2.5B Senior Notes — TradingView, 22 October 2026 at 03:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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