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AI brief of an SEC Form 8-K · Workday (WDAY)

Workday enters $1.5 billion revolving credit facility maturing October 1, 2031

Neutral Impact 3 of 5 financing Written later

Workday entered a new Credit Agreement on October 1, 2026, replacing its prior $1.0 billion revolving credit facility. The new facility provides up to $1.5 billion in revolving credit, and Workday had no revolving loans outstanding as of that date. The filing describes the facility's pricing, covenants, and maturity, which give Workday a larger committed borrowing source.

Key points

  • New revolving credit facility totals $1.5 billion, up from $1.0 billion under the prior agreement dated April 6, 2022
  • No revolving loans were outstanding as of October 1, 2026
  • Facility matures October 1, 2031, with up to two requests to extend by one year
  • Financial covenant requires a maximum leverage ratio of 3.50 to 1.00, with a step-up to 4.50 to 1.00 after a Qualified Acquisition

The filing

CompanyWorkday (WDAY)
Form8-K, current report
Filed with the SECOct 1, 2026, 5:22 PM ET
Accession number0001104659-26-112898

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.