---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-104282"
form_type: "8-K"
ticker: "CRM"
cik: "0001108524"
company_name: "Salesforce, Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T12:54:25.850674+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Salesforce launches $25B accelerated share repurchase, issues $25B in senior notes

## Summary
- Entered into $25B ASR agreements with 5 banks; initial delivery of ~80% of shares on March 16, 2026.
- Issued $25B of senior notes in 8 tranches (2028-2066); net proceeds of ~$24.885B to fund ASR.
- Board authorized $50B total share repurchase program in Feb 2026.
- Entered $6B five-year unsecured term loan to refinance existing $4B and $2B credit facilities.
- Final settlement of ASR expected in Q4 2026; closing of note offering on March 13, 2026.

## SEC filing metadata
- accession: 0001193125-26-104282
- form_type: 8-K
- ticker: CRM
- cik: 0001108524
- company_name: Salesforce, Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108524/000119312526104282/0001193125-26-104282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108524/000119312526104282/d887348d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-104282
- JSON: https://secwatch.observer/filing/0001193125-26-104282.json
- Plain text: https://secwatch.observer/filing/0001193125-26-104282.txt

## Source-grounded claims
- claim_id: a777782f4fd2a6bfcd32451f0edd9e0889ed312c
  claim: Salesforce, Inc. entered into ASR Agreements with Banco Santander, S.A., Bank of America, N.A., Citibank, N.A., JPMorgan Chase Bank, National Association, and Morgan Stanley & Co. LLC valued at $25 billion (effective 2026-03-11).
  evidence_excerpt: On March 11, 2026, Salesforce, Inc. (the “Company” or “Salesforce”) entered into accelerated share repurchase agreements (the “ASR Agreements”) with Banco Santander, S.A., Bank of America, N.A., Citibank, N.A., JPMorgan Chase Bank, National Association, and Morgan Stanley & Co. LLC (collectively, the “ASR Counterparties”). Under the terms of the ASR Agreements, the Company will repurchase an aggregate of $25 billion of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108524/000119312526104282/0001193125-26-104282-index.htm
- claim_id: cd57225ccf5f48f51b8f184aede6d777d8b1908a
  claim: Salesforce, Inc. entered into Five-Year Credit Agreement with the lenders named th (effective 2026-03-11).
  evidence_excerpt: Five-Year Credit Agreement On March 11, 2026, the Company entered into a Five-Year Credit Agreement with the lenders named th
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108524/000119312526104282/0001193125-26-104282-index.htm
- claim_id: d65abfc44e0979e8d986efe9c9c679ece38f6f57
  claim: Salesforce, Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC valued at $3,500,000,000 aggregate principal amount of 4.500% Senior Notes due 2028 (the “2028 Notes”), $4,250 (effective 2026-03-11).
  evidence_excerpt: On March 11, 2026, Salesforce entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, on behalf of the several Underwriters listed in Schedule A thereto (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $3,500,000,000 aggregate principal amount of 4.500% Senior Notes due 2028 (the “2028 Notes”), $4,250,000,000 aggregate principal amount of 4.650% Senior Notes due 2029 (the “2029 Notes”), $3,750,000,000 aggregate principal amount of 4.900% Senior Notes due 2031 (the “2031 Notes”), $2,750,000,000 aggregate principal amount of 5.200% Senior Notes due 2033 (the “2033 Notes”), $4,500,000,000 aggregate principal amount of 5.550% Senior Notes due 2036 (the “2036 Notes”), $1,500,000,000 aggregate principal amount of 6.400% Senior Notes due 2046 (the “2046 Notes”), $3,750,000,000 aggregate princ
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108524/000119312526104282/0001193125-26-104282-index.htm

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