ServiceNow plans debt offering with five series of notes
ServiceNow Inc. (NYSE: NOW) filed a preliminary prospectus supplement with the Securities and Exchange Commission for a debt offering consisting of five series of notes with varying maturity dates.
The cloud computing company did not disclose the size, interest rates, or specific maturity dates for any of the note series in the filing dated May 12, 2026. The document shows placeholder text where these details would typically appear.
According to the filing, ServiceNow will pay interest semi-annually on all note series beginning in 2026. The company may redeem some or all notes at any time at specified redemption prices. In the event of a change of control, ServiceNow would be required to offer to repurchase the notes at 101% of their principal amount plus accrued interest.
The notes will be senior unsecured obligations ranking equally with ServiceNow's other senior unsecured debt. There is no sinking fund for the notes, and they are not expected to be listed on any securities exchange.
Barclays, Citigroup, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers for the offering.
