Salesforce, Inc. - Debt Offering

Salesforce, Inc. announced the completion of a registered public offering of senior notes totaling $30.4 billion. The notes are issued in eight tranches with varying interest rates and maturity dates, ranging from 4.500% due in 2028 to 6.700% due in 2066. The company entered into a Third Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee, to govern these notes. The net proceeds from the offering were used to repurchase shares of the company's common stock through accelerated share repurchase agreements. The notes are unsecured, unsubordinated debt obligations of the company. The indenture includes customary events of default, which can lead to the acceleration of the amounts due under the notes. The offering was made pursuant to the company's Registration Statement on Form S-3.