WORK - Salesforce raises $8B via debt offering to fund portion of Slack deal

Salesforce (CRM) has priced public offering of $8B of senior notes in six tranches.$1B of 0.625% senior notes due July 15, 2024, $1B of 1.5% senior notes due July 15, 2028, $1.5B of 1.95% senior notes due July 15, 2031, $1.25B of 2.7% senior notes due July 15, 2041, $2B of 2.9% senior notes due July 15, 2051 and $1.25B of 3.05% senior notes due July 15, 2061.Offering is expected to close July 12, 2021. Interest on the notes will be payable semi-annually in arrears on January 15 and July 15 in each year, beginning on January 15, 2022. Salesforce expects to use the net proceeds to partially fund the cash portion of previously announced acquisition of Slack Technologies (WORK) and to finance or refinance, in whole or in part, green or social eligible projects.The company announced the Slack acquisition in December 2020, which is expected to close late in FQ2 (ending

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Salesforce raises $8B via debt offering to fund portion of Slack deal