Workday announced the pricing of a $2.5 billion public offering of senior notes. The offering comprises four tranches, with maturities ranging from 2029 to 2036. Interest rates range from 5.700% to 6.500%.
Workday intends to use most of the proceeds to redeem or repay $1.0 billion of its 3.500% notes due in 2027. The company will use any remaining net proceeds for general corporate purposes.
Morgan Stanley, BofA Securities, Barclays, and Wells Fargo Securities are among the banks managing the offering. It is expected to close on October 23, 2026.