Financing ·
Workday establishes $1.5B revolving credit facility maturing October 2031 with extension options
WDAYWorkday, Inc.
On October 1, 2026, Workday entered into a new Credit Agreement replacing its prior facility dated April 6, 2022. The new agreement establishes a revolving credit facility with an aggregate principal amount of $1,500,000,000, maturing on October 1, 2031, with options to extend the maturity date for one year up to two times. As of the closing date, no amounts were outstanding under this facility. The agreement includes financial covenants limiting Workday's maximum leverage ratio to 3.50 to 1.00, stepping up to 4.50 to 1.00 following a Qualified Acquisition. Interest rates are tied to SOFR or base rate plus applicable margins based on credit ratings or leverage ratios. Workday operates in the enterprise software industry, providing cloud-based financial and human capital management applications.