The cloud software giant said it will deploy all net proceeds from the debt issuance into ASR transactions with certain financial institution counterparties, with prepayment and initial share delivery expected to occur on March 16, 2026. The offering represents one of the largest corporate borrowings in the tech sector for 2026 and the biggest debt issuance in Salesforce's history.
Record-Breaking Capital Allocation
The $25 billion raise follows Salesforce's announcement in February 2026 of a $50 billion repurchase program and a 5.8% dividend increase. JPMorgan Chase, Bank of America, Barclays, Citigroup, and Wells Fargo are arranging the debt offering.
The company last tapped U.S. bond markets in 2021, when it secured $8 billion to support its acquisition of communication platform Slack. Before this offering, Salesforce had $8.50 billion in debt outstanding and $7.33 billion in cash and cash equivalents, with its next bond payment of $1.50 billion due on April 11, 2028.
Tech Sector Debt Boom
Salesforce joins a growing roster of technology companies aggressively tapping debt markets in 2026. Amazon raised $15 billion in November 2025, drawing $80 billion in demand. Meta filed for up to $30 billion in October 2025, while Oracle is planning a $45-50 billion raise. Alphabet sold $31.51 billion in February 2026, including a rare 100-year bond.
source https://www.investing.com/news/stock-market-news/salesforce-surges-3-on-25-billion-debt-offering-to-fund-massive-share-buyback-4557708
