Workday Secures New $1.5 Billion Revolving Credit Facility, Boosting Financial Flexibility
WDAY sits 69% above its 52-week low of $110.36.
Summary
Workday, Inc. has entered into a new $1.5 billion revolving credit facility, replacing its previous $1.0 billion agreement and enhancing its liquidity and financial flexibility for general corporate purposes, including potential acquisitions.
Key Events · Financing and Capital Events · WDAY
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New Credit Facility
Workday entered into a new $1.5 billion revolving credit facility, replacing its prior $1.0 billion agreement.
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Enhanced Financial Flexibility
The increased facility provides greater liquidity for working capital and general corporate purposes, including financing acquisitions.
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Maturity and Terms
The facility matures on October 1, 2031, with options for two one-year extensions, and includes a consolidated leverage ratio covenant of 3.50 to 1.0, which can temporarily increase to 4.50 to 1.0 after qualified acquisitions.
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No Initial Draw
As of the closing date, Workday had no outstanding revolving loans under the new agreement.
Analysis · WDAY · Technology
This 8-K filing announces Workday's new $1.5 billion revolving credit facility, which replaces an existing $1.0 billion facility. The increased credit line provides Workday with greater financial flexibility and liquidity for working capital and strategic initiatives, including potential acquisitions. The facility includes customary covenants, such as a maximum consolidated leverage ratio of 3.50 to 1.0, with a temporary step-up to 4.50 to 1.0 following qualified acquisitions, indicating a focus on maintaining a healthy balance sheet while allowing for growth. No amounts were drawn at closing.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 28.9% of the 1476 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WDAY was trading at $186.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $45B. The 52-week trading range was $110.36 to $247.40. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.