---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-043661"
form_type: "8-K"
ticker: "WDAY"
cik: "0001327811"
company_name: "Workday, Inc."
filed_at: "2022-04-07T23:59:59+00:00"
generated_at: "2026-06-26T08:42:35.187945+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001104659-22-043661
- form_type: 8-K
- ticker: WDAY
- cik: 0001327811
- company_name: Workday, Inc.
- filed_at: 2022-04-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327811/000110465922043661/0001104659-22-043661-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327811/000110465922043661/tm2212084d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-043661
- JSON: https://secwatch.observer/filing/0001104659-22-043661.json
- Plain text: https://secwatch.observer/filing/0001104659-22-043661.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.