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Salesforce eyes $25 billion debt sale to fund buyback, Bloomberg News reports

BY Reuters | CORPORATE | 03/10/26 01:18 PM EDT

March 10 (Reuters) - Cloud software provider Salesforce (CRM) 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 U.S. 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 (CRM) mandated JPMorgan Chase, Bank of America, Barclays, Citigroup and Wells Fargo to arrange fixed-income investor calls for Tuesday, the report added.

* Salesforce (CRM) did not immediately respond to a Reuters request for comment.

* Last month, Salesforce (CRM) rolled out a $50 billion stock repurchase program and lifted its dividend by 5.8%.

* The company had issued U.S. bonds in 2021, securing $8 billion to support its Slack acquisition.

(Reporting by Kritika Lamba in Bengaluru; Editing by Alan Barona)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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