Salesforce has entered into a new Credit Agreement with Bank of America as administrative agent on October 31, 2024, replacing its existing $3B facility. The new agreement provides an expanded $5B unsecured, multicurrency revolving credit facility with a five-year term, including provisions for up to $150M in letters of credit and $150M in swingline loans.The facility offers borrowing options in Dollars, Sterling, Euros, and other approved currencies. Interest rates will be based on either the alternate base rate or secured overnight financing rate for Dollar borrowings, plus margins determined by Salesforce's credit ratings. The company can borrow, repay, and reborrow throughout the facility's term for general corporate purposes.The agreement includes customary representations, warranties, and covenants for unsecured financing. Voluntary prepayments and commitment reductions are permitted without penalty, subject to notice requirements and minimum amounts. The new facility replaces the previous agreement with Citibank, which was set to mature in December 2025.

Salesforce has entered into a new Credit Agreement with Bank of America as administrative agent on October 31, 2024, replacing its existing $3B facility. The new agreement provides an expanded $5B unsecured, multicurrency revolving credit facility with a five-year term, including provisions for up to $150M in letters of credit and $150M in swingline loans.The facility offers borrowing options in Dollars, Sterling, Euros, and other approved currencies. Interest rates will be based on either the alternate base rate or secured overnight financing rate for Dollar borrowings, plus margins determined by Salesforce's credit ratings. The company can borrow, repay, and reborrow throughout the facility's term for general corporate purposes.The agreement includes customary representations, warranties, and covenants for unsecured financing. Voluntary prepayments and commitment reductions are permitted without penalty, subject to notice requirements and minimum amounts. The new facility replaces the previous agreement with Citibank, which was set to mature in December 2025.