Salesforce Inc.
Salesforce Replaces Existing Credit Agreement
Summary
On October 31, 2024, Salesforce, Inc. replaced its existing $3.0 billion unsecured revolving credit facility with a new $5.0 billion facility, effective immediately. The new Credit Agreement, with a term of five years, replaces the previous agreement that was set to mature on December 23, 2025. The new facility allows for borrowings in multiple currencies and includes customary financial covenants.
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About Salesforce Inc.
Salesforce Inc. is a cloud-based software company that specializes in customer relationship management (CRM) solutions. Founded in 1999, Salesforce has revolutionized how businesses engage with their customers through its comprehensive suite of applications designed to improve sales, service, marketing, and commerce interactions. The platform enables organizations to automate processes, streamline operations, and enhance customer satisfactions by providing a single, integrated view of customer data. With functionalities extending to analytics, artificial intelligence, and cloud integration, Salesforce serves a variety of industries including retail, healthcare, finance, and technology. Headquartered in San Francisco, California, the company is renowned for its versatile and scalable solutions that cater to businesses of all sizes, from small startups to large enterprises. As a leading player in the SaaS market, Salesforce has significantly influenced the digital transformation era by empowering companies to leverage cloud computing for improved business agility and customer insights.
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