First Sustainability Bond by a Software Company
Proceeds from $1 Billion offering to support investments in innovative projects that address global climate, equality and other social challenges
Salesforce (NYSE: CRM), the global leader in CRM, today announced the pricing of its inaugural Sustainability Bond offering, totaling $1 billion, which was part of a $8 billion underwritten public offering of senior notes.
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As outlined in the Salesforce Sustainable Bond Framework, Salesforce intends to allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, one or more projects related to nine green and social eligible project categories.
Green eligible project categories include: Technology for Climate Action, Green Buildings, Renewable Energy, Pollution Prevention & Control, Nature-Based Solutions and Sustainable Water Management. Social eligible project categories include: Technology for Social Good, Commitment to Racial Equality, and Socioeconomic Advancement & Empowerment.
This press release shall not constitute an offer to sell, or the solicitation of an offer to purchase, any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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