We advised the underwriters on the offering

Davis Polk advised the joint book-running managers in connection with a $25 billion SEC-registered debt offering by Salesforce, Inc., consisting of $3.5 billion of its 4.500% notes due 2028, $4.25 billion of its 4.650% notes due 2029, $3.75 billion of its 4.900% notes due 2031, $2.75 billion of its 5.200% notes due 2033, $4.5 billion of its 5.550% notes due 2036, $1.5 billion of its 6.400% notes due 2046, $3.75 billion of its 6.550% notes due 2056 and $1 billion of its 6.700% notes due 2066.

Based in San Francisco, California, Salesforce is a global leader in customer relationship management (CRM) technology, helping organizations of any size become agentic enterprises.

The Davis Polk capital markets team included partners Alan F. Denenberg and Beth LeBow and associates Sunny Xu and Yan Zhan. Counsel Liang Zhang and associate Xiyuan (Spencer) Pan provided tax advice. Partner Frank Azzopardi provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

Copy link to share post