PLEASANTON, Calif., March 30, 2022 /PRNewswire/ — Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that it has priced its registered and underwritten public offering of $3.0 billion aggregate principal amount of the Senior Notes, consisting of $1.0 billion Aggregate Principal Amount 3.500% Notes due 2027, $750.0 million Aggregate Principal Amount 3.700% Notes due 2029, and $1.25 billion aggregate principal amount of the 3.800% Notes due 2032. The offering is expected to close on April 1, 2022subject to satisfaction of customary closing conditions.
Workday intends to use the net proceeds of this offering for general corporate purposes, which includes repaying a total principal amount of $693.8 million outstanding under its existing senior unsecured term loan facility, which may include repayment of the $1.15 billion outstanding principal amount of its 0.25% Convertible Senior Notes due 2022 and due October 1, 2022.
BofA Securities, Morgan Stanley and Wells Fargo Securities are acting as joint custodians for the offering.
This offering is made pursuant to an effective automatic registration statement on Form S-3 previously filed by Workday with the Securities and Exchange Commission (the “SEC”) and only by way of a prospectus supplement and of the accompanying prospectus. Before investing, you should read the prospectus supplement and accompanying prospectus and other documents Workday has filed or will file with the SEC for more complete information about Workday and this offering. These documents may be obtained free of charge by searching the SEC’s online database (EDGAR) on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus and, if applicable, the final prospectus supplement for the offering, may be obtained by contacting: BofA Securities, Inc., 200 North College Street, 3rd Floor, NC1-004-03-43, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department or by email [email protected]Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by phone at (866) 718-1649 or by email at [email protected]or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, c/o WFS Customer Service or email [email protected]. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration. or qualification under the securities laws of such jurisdiction.
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, expense management, and analytics have been adopted by thousands of organizations worldwide and in every industry, from midsize businesses to more than 50% companies. Fortune 500.
This press release contains “forward-looking” statements within the meaning of applicable securities laws, including statements relating to the expected terms of the offer, the expected closing of the offer, the expected use of proceeds of the offer and to other statements that are not historical fact. These forward-looking statements can be identified by words such as “may”, “will”, “should”, “should”, “could”, “expect”, “anticipate”, “believe”, “estimate”, “intends”, “strategy”, “future”, “opportunity”, “plan”, “project”, “forecast” and other similar expressions. Forward-looking statements are based on various estimates and assumptions, as well as information known to Workday as of the date of this press release, and are inherently subject to numerous risks and uncertainties. These risks and uncertainties may be magnified by the COVID-19 pandemic and economic, political and market conditions and fluctuations, which could cause actual results to differ from expectations. A further list and description of risks that could affect Workday’s results are detailed in the Workday’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended January 31, 2022 and its future reports that Workday may file with the SEC from time to time. For the reasons discussed above, you should not place undue reliance on the forward-looking statements contained in this press release. Workday undertakes no obligation to update these forward-looking statements, except as required by law.
© 2022. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
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