AI English summary of an SEC filing — figures as filed
Workday WDAYOn October 21, 2026, Workday entered into an Underwriting Agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., and Wells Fargo Securities, LLC, as representatives of the underwriters, for the public offering of $2.5 billion in senior notes.
Key points
AI summaryOn October 21, 2026, Workday entered into an Underwriting Agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., and Wells Fargo Securities, LLC, as representatives of the underwriters, for the public offering of $2.5 billion in senior notes.
The company said it structured the senior notes in four series: $750.0 million due 2029 at 5.700%, $500.0 million due 2031 at 6.000%, $750.0 million due 2033 at 6.300%, and $500.0 million due 2036 at 6.500%.
Workday said it completed the issuance of the notes on October 23, 2026 and estimated net proceeds of about $2.47 billion after deducting the underwriting discount and estimated offering expenses. It said it plans to use the proceeds to redeem, repay, repurchase or otherwise retire $1.0 billion of its 3.500% notes due April 1, 2027 at or before maturity, and to use any remaining proceeds for general corporate purposes.
The company said interest on each series is payable semi-annually in arrears on April 23 and October 23 of each year, with the first payment on April 23, 2027. If a Change of Control Triggering Event occurs, it must offer to purchase the notes at 101% of the principal amount plus accrued and unpaid interest.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
$2.5 billion Senior Notes Underwriting Agreement
On October 21, 2026, Workday entered into an Underwriting Agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., and Wells Fargo Securities, LLC, as representatives of the underwriters, for the public offering of $2.5 billion in senior notes.
Source · Based on the filing body and exhibits
Offering Size and Fixed Rates by Maturity
The company said it structured the senior notes in four series: $750.0 million due 2029 at 5.700%, $500.0 million due 2031 at 6.000%, $750.0 million due 2033 at 6.300%, and $500.0 million due 2036 at 6.500%.
Source · Based on the filing body and exhibits
Estimated Net Proceeds and Use of Proceeds
Workday said it completed the issuance of the notes on October 23, 2026 and estimated net proceeds of about $2.47 billion after deducting the underwriting discount and estimated offering expenses. It said it plans to use the proceeds to redeem, repay, repurchase or otherwise retire $1.0 billion of its 3.500% notes due April 1, 2027 at or before maturity, and to use any remaining proceeds for general corporate purposes.
Source · Based on the filing body and exhibits
Interest Payment Schedule and Change of Control Terms
The company said interest on each series is payable semi-annually in arrears on April 23 and October 23 of each year, with the first payment on April 23, 2027. If a Change of Control Triggering Event occurs, it must offer to purchase the notes at 101% of the principal amount plus accrued and unpaid interest.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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