Salesforce launches $25B buyback funded by $25B debt offering and $6B term loan refinancing

Filed March 12, 2026 · Period ending March 11, 2026 · ~1 min read

Key Changes

• high

  Salesforce will repurchase $25 billion of common stock through accelerated share repurchase agreements with five major banks, receiving ~80% of shares immediately on March 16, 2026, with final settlement in Q4 2026. This is part of a $50 billion board-authorized program approved in February 2026.

  Item 1.01: ASR Agreements verify on EDGAR →
• high

  Company issued $25 billion in senior notes across eight tranches (2028-2066 maturities, 4.50%-6.70% rates) to fund the buyback. Net proceeds of $24.885 billion after fees will go entirely toward share repurchases, significantly increasing leverage.

  Item 1.01: Debt Offering verify on EDGAR →
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  Salesforce obtained a new $6 billion five-year term loan to refinance existing debt, fully repaying a $4 billion 364-day loan and $2 billion three-year loan from June 2025. This extends debt maturity profile while maintaining similar borrowing levels.

  Item 1.01: Credit Agreement verify on EDGAR →