Workday enters $1B revolving credit facility, replaces $750M prior facilities

Workday, Inc.

New $1B revolver matures April 6, 2027; no outstanding draws as of April 7, 2022.
Prepaid $693.75M term loan and terminated $750M revolver from 2020 credit agreement.
Interest rates tied to SOFR plus margin of 0.875%-1.500% (or base rate plus 0.000%-0.500%) depending on leverage ratio.
Financial covenant requires maximum leverage ratio of 3.50:1.00 (step-up to 4.50:1.00 after permitted acquisitions).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.