Workday, Inc. — Form 8-K
Filed October 23, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 32/100
What the filing says
Workday, Inc. issued $2.5 billion in senior notes via underwriting agreement dated October 21, 2026, settled October 23, 2026: $750M 5.700% due 2029 (99.463% pricing), $500M 6.000% due 2031 (99.315%), $750M 6.300% due 2033 (98.829%), and $500M 6.500% due 2036 (98.713%). Lead underwriters: Morgan Stanley, BofA Securities, Barclays, Wells Fargo. Ratings: Baa1 (Moody's), BBB+ (S&P). Notes carry make-whole call provisions and change-of-control put provisions requiring 101% repurchase if ratings fall below investment grade during a change of control.
Why this rating
Routine debt issuance; $2.5B represents ~5% of Workday's $49.5B market cap. Standard financing activity with investment-grade ratings maintained.
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