NOW · ServiceNow, Inc.

Summary

ServiceNow completed a $4 billion senior notes offering across five tranches with maturities from 2028 to 2056 to fund general corporate purposes.

Key takeaways

• Completed $4B notes issuance: $750M 4.25% due 2028, $600M 4.70% due 2031, $650M 5.05% due 2033, $1.25B 5.40% due 2036, $750M 6.30% due 2056.
• Entered underwriting agreement dated May 12, 2026 with Barclays, Citigroup, J.P. Morgan, Wells Fargo as representatives.
• Issued under new indenture dated May 15, 2026 with U.S. Bank Trust as trustee; senior unsecured obligations ranking pari passu.
• Optional redemption available prior to maturity at Treasury plus spread (10-25 bps); Change of Control repurchase right at 101%.
• Skadden issued legal opinion on May 15, 2026 confirming legality of the notes.