Workday $3 billion senior notes offering
The investment-grade notes are due 2027, 2029 and 2032
Davis Polk advised the joint book-running managers in connection with a $3 billion SEC-registered debt offering by Workday, Inc. The offering consisted of $1 billion aggregate principal amount of 3.500% senior notes due 2027, $750 million aggregate principal amount of 3.700% senior notes due 2029 and $1.25 billion aggregate principal amount of 3.800% senior notes due 2032.
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Joseph G. Marano and Alex Moss. Partner Po Sit and associates Danielle Rapaccioli and Michael Hsieh provided tax advice. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associates Chelsea Renter and Alexis N. Wallace. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.