Salesforce, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Salesforce, Inc. on March 13, 2026. The filing reports the completion of a registered public offering of senior notes and the execution of a Third Supplemental Indenture with U.S. Bank Trust Company, National Association.
Key Financial Metrics and Debt Issuance
The Company completed an offering of unsecured, unsubordinated senior notes with an aggregate principal amount of $25,000,000,000. The specific tranches issued are as follows:
| Series | Principal Amount | Coupon Rate | Maturity Date |
|---|---|---|---|
| 2028 Notes | $3,500,000,000 | 4.500% | March 15, 2028 |
| 2029 Notes | $4,250,000,000 | 4.650% | March 15, 2029 |
| 2031 Notes | $3,750,000,000 | 4.900% | September 15, 2031 |
| 2033 Notes | $2,750,000,000 | 5.200% | March 15, 2033 |
| 2036 Notes | $4,500,000,000 | 5.550% | March 15, 2036 |
| 2046 Notes | $1,500,000,000 | 6.400% | March 15, 2046 |
| 2056 Notes | $3,750,000,000 | 6.550% | March 15, 2056 |
| 2066 Notes | $1,000,000,000 | 6.700% | March 15, 2066 |
Interest accrues from March 13, 2026, and is payable semi-annually in arrears beginning September 15, 2026. The filing does not provide specific values for revenue, profit, cash flow, or operating margins.
Material Changes and Use of Proceeds
The primary material change is the increase in long-term debt obligations by $25 billion. The Company utilized the net proceeds from this offering to repurchase shares of its common stock pursuant to accelerated share repurchase agreements.
Outlook, Risks, and Contingencies
The Notes are subject to customary events of default, including failure to make required payments, failure to comply with covenants, and bankruptcy or insolvency events. Bankruptcy or insolvency events will automatically accelerate the amounts due. Other events of default may allow the Trustee or holders of at least 25% of the outstanding notes to declare acceleration. The Company retains the right to redeem some or all notes at applicable redemption prices as described in the Indenture.
Key Facts for Investor Verification
- Total debt raised: $25 billion across eight distinct maturities ranging from 2028 to 2066.
- Weighted average coupon rate is approximately 5.4% based on the tranche mix.
- Proceeds were immediately deployed for accelerated share repurchases, impacting equity count and cash balances.
- Interest payments will commence on September 15, 2026.
- The debt is unsecured and unsubordinated, ranking equally with other existing unsecured debt.