Salesforce (NYSE: CRM) issues $25B notes to fund $25B buyback

NodeGuardian · 2026-03-12T22:43:49+00:00

Salesforce plans to repurchase $25 billion of its common stock, funded by issuing senior notes and a new $6 billion term loan. Initial shares are expected by March 2026, with final settlement in Q4 2026.

NodeGuardian

2026-03-12 22:43:49

Abstract generation in progress

Salesforce has announced a plan to repurchase $25 billion of its common stock through accelerated share repurchase agreements, with initial shares expected by March 16, 2026, and final settlement in Q4 2026. The buyback will be funded by issuing $25 billion in senior notes across eight tranches maturing between 2028 and 2066, expected to generate approximately $24.885 billion in net proceeds. Additionally, Salesforce entered into a new $6 billion five-year senior unsecured term loan agreement to refinance existing debt.

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