7/103 sources · 3 publishersUpdated Oct 8, 19:12 UTC
Workday expands revolving credit line to $1.5 billion through 2031
Workday entered a new revolving loan agreement on October 1, 2026, replacing its prior $1.0 billion line of credit with $1.5 billion of committed capacity. Wells Fargo Bank is the facility agent, and the line is scheduled to mature on October 1, 2031. Workday said no revolving loans were outstanding when the agreement closed.
Why it matters
The replacement increases Workday's available committed borrowing capacity while extending its scheduled funding horizon. Because the company reported no borrowings at closing, the transaction does not add drawn debt immediately.
Key facts
- 1Workday signed the new credit agreement on October 1, 2026. minichart.com.sg
- 2The revolving facility provides $1.5 billion of borrowing capacity and supersedes a $1.0 billion facility. minichart.com.sg
- 3The new facility is due to mature on October 1, 2031. tradingview.com
- 4Wells Fargo Bank serves as administrative agent for the new agreement. tradingview.com
- 5Workday had no revolving loans outstanding at the closing date. gurufocus.com
- 6Workday can seek up to two one-year extensions of the maturity date. minichart.com.sg
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.