Salesforce completes $25B senior notes offering to fund share repurchase

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Salesforce (NYSE: CRM) has completed a $25 billion senior notes offering, with maturities spanning from 2028 to 2066. The company utilized the proceeds to repurchase shares of its common stock through accelerated share repurchase agreements, aligning with its aggressive buyback strategy and potentially benefiting shareholders as the stock is considered undervalued. This large debt issuance, which follows a prior $9 billion raise for the Slack acquisition, comes amidst mixed analyst ratings but with company optimism for growth acceleration in the latter half of its fiscal year.

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