Salesforce closed a $25 billion senior notes offering on March 13, 2026. The company will use the proceeds to fund a $25 billion accelerated share repurchase (ASR) program.
The ASR agreements were finalized on March 11. Salesforce scheduled the initial repurchase payment for March 16, 2026.
The restructuring includes a new $6 billion five-year senior unsecured term loan facility. This facility will refinance existing debt to optimize the company's capital structure.
Investors gave the debt sale a lukewarm reception. This response resulted in higher-than-average borrowing costs for the company.