The software company said Wednesday it priced its underwritten offering at an aggregate principal amount of $25 billion, and that the offering is slated to close Friday.

Salesforce plans to use all net proceeds from the offering to buy back shares of its common stock.

The prepayment and initial share delivery is expected to happen on March 16.

JPMorgan, Bank of America, Barclays Capital, Citigroup and Wells Fargo served as joint book-running managers for the notes offering.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

03-11-26 1907ET

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Estimated price	Change	5d. change	Capi.
SALESFORCE, INC.	164.96USD	-3.45%	-11.87%	152B
BANK OF AMERICA CORPORATION	52.54USD	-0.32%	+6.40%	375B
WELLS FARGO & COMPANY	85.40USD	-0.72%	+5.96%	264B
CITIGROUP INC.	124.39USD	-0.42%	+7.93%	213B
BARCLAYS PLC	441.00GBX	+1.74%	+7.89%	81.41B

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Salesforce, Inc. is the world leader supplier of Customer Relationship Management (CRM) software on request. Net sales by activity break down as follows: - online subscriptions sale (94.2%): applications for computerizing the sale forces, optimizing the commercial data processing, managing the call centres, managing the relationship with the partners, etc.; - professional services (5.8%): consulting, implementation and training services. Net sales are distributed geographically as follows: Americas (66.3%), Europe (23.5%) and Asia/Pacific (10.2%).

Employees

83,334

Sector

IT Services & Consulting

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