Salesforce Pays Heavy Premium on $25B Bond Deal Amid AI Fears
Investors squeezed Salesforce for steep concessions on massive bond sale, signaling Wall Street anxiety over AI disruption.
Salesforce just learned that Wall Street's AI jitters come with a price tag. A big one.
The software giant pushed through a $25 billion bond deal to fund a share buyback, but investors weren't making it easy. Sources say bondholders demanded steep concessions, forcing Salesforce to sell its debt at a significant premium in borrowing costs.
The tough terms reflect growing unease among investors about how AI disruption could reshape the enterprise software landscape. When the money people start charging you more to lend, it's a clear signal they see risk on the horizon.
For Salesforce, the calculus was apparently still worth it — the company chose to eat the higher costs rather than walk away from the buyback. But the deal stands as a stark reminder that even tech's biggest names aren't immune to market skepticism about their AI futures.