---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-112898"
form_type: "8-K"
ticker: "WDAY"
cik: "0001327811"
company_name: "Workday, Inc."
filed_at: "2026-10-01T21:22:41+00:00"
generated_at: "2026-10-12T14:28:37.377095+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Workday signs new $1.5B revolving credit facility, up from $1.0B, maturing Oct. 1, 2031

## Summary
- New Credit Agreement dated Oct. 1, 2026 replaces the April 6, 2022 facility, raising the revolver to $1.5B from $1.0B; no revolving loans outstanding as of closing.
- Facility matures Oct. 1, 2031; Workday may request up to two one-year extensions; alternative-currency loans (EUR, GBP, CAD) capped at $525M.
- Leverage-based pricing: SOFR margin 0.875%-1.500%, base-rate margin 0.000%-0.500%, L/C fee 0.875%-1.500%, commitment fee 0.080%-0.200%.
- Or, at Workday's one-time irrevocable election, pricing may instead be set by S&P/Moody's debt ratings: SOFR margin 0.750%-1.250%, commitment fee 0.070%-0.150%.
- Financial covenant caps leverage at 3.50x, with a step-up to 4.50x for a period following a Qualified Acquisition.

## SEC filing metadata
- accession: 0001104659-26-112898
- form_type: 8-K
- ticker: WDAY
- cik: 0001327811
- company_name: Workday, Inc.
- filed_at: 2026-10-01T21:22:41+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327811/000110465926112898/0001104659-26-112898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327811/000110465926112898/tm2626731d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-112898
- JSON: https://secwatch.observer/filing/0001104659-26-112898.json
- Plain text: https://secwatch.observer/filing/0001104659-26-112898.txt

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