Workday Raises $2.5 Billion Through Senior Notes to Refinance 2027 Debt

Workday entered into an underwriting agreement to issue $2.5 billion of senior notes across four series due from 2029 through 2036. The notes bear fixed interest rates ranging from 5.700% to 6.500%, and Workday estimates net proceeds of approximately $2.47 billion. The company plans to use $1.0 bil…