Summary
Salesforce, Inc. (CRM) has announced the entry into two new credit agreements on June 20, 2025, totaling $6 billion in financing capacity. A 364-day credit agreement provides up to $4 billion, while a three-year credit agreement provides up to $2 billion. Both facilities are unsecured and intended to finance a portion of the cash consideration for the pending acquisition of Informatica Inc., as well as related debt repayment and transaction expenses. The funding of these credit facilities is contingent upon the satisfaction of certain conditions, including the closing of the Informatica acquisition.
Key Highlights
- 1Salesforce secured a $4 billion 364-day unsecured credit facility and a $2 billion three-year unsecured credit facility.
- 2The total credit capacity established is $6 billion.
- 3These credit facilities are intended to fund the pending acquisition of Informatica Inc.
- 4Proceeds can also be used for Informatica's debt repayment and related transaction costs.
- 5The credit agreements are unsecured, indicating Salesforce's strong credit standing.
- 6Funding is conditional on the closing of the Informatica acquisition and other customary conditions.
- 7Both credit agreements are with JPMorgan Chase Bank, N.A., as administrative agent.