8-KItem 1.01 · Material AgreementItem 1.02 · Termination of AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Workday Replaces Credit Agreement With $1.5 Billion Revolving Facility
Filed with the SEC on · Summarized by InvestorsBot
Workday entered into a new credit agreement with Wells Fargo as administrative agent and a syndicate of lenders, replacing its prior $1.0 billion facility with a $1.5 billion revolving credit facility. The facility runs through October 1, 2031, although Workday had no borrowings outstanding at closing; it includes customary covenants and a maximum leverage ratio of 3.50 to 1.00, with a potential temporary increase to 4.50 to 1.00 after a qualifying acquisition.