secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2026-10-01T21:22:41+00:00
Accession:  0001104659-26-112898
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000110465926112898/0001104659-26-112898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000110465926112898/tm2626731d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-112898

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