CRM - Salesforce plans senior note offering to help finance Slack deal

Stephen Lam/Getty Images News In a regulatory filing, Salesforce (CRM) outlines plans for a debt sale to help fund its $27.7B acquisition of Slack (WORK). The filing indicates a five-part offering of senior notes but the aggregate principal of the offering and the note terms are all left blank for now. Salesforce expects to finance the Slack deal through a combination of cash on hand, the proceeds from the redeemable note offering, and, if necessary, the term loan facility the company entered late last year. The Slack deal is still expected to close late in Salesforce's second quarter, which ends on July 31. Salesforce announced the Slack acquisition last December.

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Salesforce plans senior note offering to help finance Slack deal