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

Salesforce, Inc. (NYSE:CRM) announced Friday the completion of a registered public offering totaling $25 billion in senior notes, with maturities ranging from 2028 to 2066. According to a statement based on its SEC filing, the company used the net proceeds to repurchase shares of its common stock through accelerated share repurchase agreements.The move aligns with what InvestingPro identifies as management’s aggressive share buyback strategy. With the stock currently trading at $192.80—well below InvestingPro’s Fair Value analysis suggesting the company is undervalued—the timing of these repurchases could prove strategic for shareholders. The company maintains a market cap of $177.6 billion while operating with a moderate debt level, as its debt-to-equity ratio stands at 0.3.

https://za.investing.com/news/sec-filings/salesforce-completes-25b-senior-notes-offering-to-fund-share-repurchase-93CH-4164614