Salesforce eyes $25 billion debt sale to fund buyback: Report

Cloud software provider Salesforce is preparing to raise as much as $25 billion in a debt offering to help fund a major share buyback, ‌Bloomberg News reported ⁠on ⁠Tuesday, citing people with knowledge of the matter.

The company is targeting a US bond offering of at least $20 billion, the report said. The ⁠notes could ‌be sold as soon as this week, but ⁠the timing could change, Bloomberg said.

Salesforce mandated JPMorgan Chase, Bank of America, Barclays, Citigroup and Wells Fargo to arrange fixed-income investor calls for Tuesday, the report added. Salesforce did ‌not immediately respond to a Reuters request for comment.


Last ​month, ​Salesforce rolled ⁠out a $50 billion stock repurchase program and lifted its dividend by 5.8%. The company had issued US bonds in 2021, securing $8 billion to support its Slack acquisition.