Workday, Inc. — Form 8-K
Filed October 1, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Workday, Inc. entered into a new $1.5 billion revolving credit facility effective October 1, 2026, with Wells Fargo as administrative agent and swing line lender. Four L/C issuers (Wells Fargo, Bank of America, Barclays, Morgan Stanley) and four joint lead arrangers participated. The facility matures October 1, 2031, features pricing tied to leverage ratio or debt ratings (Pricing Levels 1–5), and replaces the April 2022 credit agreement. Key mechanics include $75M letter of credit sublimit, $75M swing line sublimit, and $525M alternative currency sublimit.
Why this rating
Routine refinancing: $1.5B facility is 3% of $49.5B market cap. Standard 5-year revolving credit; no material changes vs. 2022 agreement apparent. Administrative event.
See more from October 1, 2026.
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