October 12, 2021
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Salesforce announces the issuance of the first sustainability bond

By on June 29, 2021 0


SAN FRANCISCO – (COMMERCIAL THREAD) – Salesforce (NYSE: CRM), the global leader in CRM, today announced the price for its inaugural sustainable bond offering, totaling $ 1 billion, which was part of an offering public subscribed $ 8 billion of senior notes.

As stated 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 categories of eligible green and social projects.

The categories of eligible green projects include: technology for climate action, green buildings, renewable energy, pollution prevention and control, nature-based solutions and sustainable water management. Eligible social project categories include: technology for social good, commitment to racial equality, and socio-economic advancement and empowerment.

To view the Salesforce Sustainable Bond Framework and for more information, visit investment.salesforce.com/sustainablebondframework.

The offer is being made pursuant to an automatic registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”) on December 4, 2020. Before investing, you should read the statement of ‘Registration (including the supplemental provisional prospectus and accompanying prospectus) for more complete information about Salesforce and the offering. You can obtain the preliminary prospectus supplement and accompanying prospectus free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus and, where available, of the final prospectus supplement relating to the offering can be obtained by contacting Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at 1-800-831-9146 or by email: [email protected]; BofA Securities, Inc., NC1-004-03-43 200 North College Street, 3rd Floor Charlotte, NC 25255, Attn: Prospectus Department, or toll free at 1-800-294-1322 or [email protected]; or JP Morgan Securities LLC 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, or pick up at 1-212-834-4533.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Salesforce

Salesforce, the global leader in CRM, enables businesses of all sizes and in all industries to digitally transform and create a 360 ° view of their customers. For more information on Salesforce (NYSE: CRM), visit: www.salesforce.com.

Forward-looking statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about Salesforce’s financial and operating results, which may include expected financial and non-GAAP results, as well as other operating and non-operating results including revenue, net income, earnings per share, operating cash flow growth, operating margin, expected revenue growth, expected performance obligation growth current residual, expected tax rates, stock-based compensation charges, amortization of purchased intangibles, shares outstanding, market growth, environment, corporate and governance objectives, expected capital allocation, including mergers and acquisitions, capital expenditures and other investments, expectations regarding the closing of acquisitions env ized and contributions from acquired companies. The realization or success of the matters covered by these forward-looking statements involves risks, uncertainties and assumptions. If such risks or uncertainties materialize or if any of the assumptions prove to be incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements it makes.

The risks and uncertainties mentioned above include, but are not limited to, risks associated with the impact of the COVID-19 pandemic and the actions we may take in response to it, related public health measures. and the resulting economic slowdown and market volatility; our ability to maintain levels of security and service performance that meet our customers’ expectations, as well as the resources and costs necessary to avoid unplanned downtime and prevent, detect and correct performance degradation and vulnerabilities. security ; expenses associated with our data centers and third party infrastructure providers; our ability to secure additional data center capacity; our reliance on third party hardware, software and platform vendors; the effect of changes in domestic and foreign government regulations, including those related to the provision of services over the Internet, those related to Internet access, and those relating to data privacy, cross-border data transfers and import and export controls; current and potential disputes involving us or our industry, including disputes involving acquired entities such as Tableau, and their resolution or settlement; regulatory developments and regulatory investigations concerning us or affecting our industry; our ability to successfully introduce new services and product features, including any efforts to extend our services; our ability to find and execute eligible green projects; the success of our strategy of acquiring or investing in complementary businesses, joint ventures, services, technologies and intellectual property rights; our ability to complete, on time or not at all, the announced transactions, including our proposed acquisition of Slack Technologies, Inc .; our ability to leverage acquisitions, strategic partnerships, joint ventures and investments; our ability to successfully integrate acquired businesses and technologies; our ability to compete in the market in which we participate; the success of our business strategy and plan to grow our business, including our strategy to be a leading provider of enterprise cloud computing applications and platforms; our ability to execute our business plans; our ability to continue to increase unearned income and the remaining performance obligation; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of our sales cycles; our ability to limit customer attrition and the costs associated with these efforts; the success of our international expansion strategy; demands on our people and infrastructure resulting from significant growth in our customer base and operations, including as a result of acquisitions; our ability to maintain our culture in the workplace, including as a result of our decisions about our current and future office environments or our work-from-home policies; our dependence on the development and maintenance of the Internet infrastructure; our real estate and office strategy and the associated costs and uncertainties; fluctuations and our ability to forecast our operating results and cash flows; the variability of our results resulting from the recognition of term license revenues; the performance and fair value of our investments in complementary activities through our portfolio of strategic investments; the impact of future gains or losses from our strategic investment portfolio, including gains or losses from general market conditions that may affect publicly traded companies within our strategic investment portfolio; our ability to protect our intellectual property rights; our ability to develop our brands; the impact of exchange rate and interest rate fluctuations on our results; the valuation of our deferred tax assets and the release of the corresponding valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting declarations and tax laws; uncertainties affecting our ability to estimate our tax rate; uncertainties regarding our tax obligations in connection with potential jurisdictional transfers of intellectual property, including the tax rate, the timing of the transfer and the value of such transferred intellectual property; uncertainties regarding the effect of general economic and market conditions; the impact of geopolitical events; uncertainties regarding the impact of expensing stock options and other stock awards; the adequacy of our capital resources; risks relating to the availability and funding of our bridge credit facility and term loan associated with our proposed acquisition of Slack Technologies, Inc. and other indebtedness; our ability to comply with our restrictive covenants and lease obligations; and the impact of climate change, natural disasters and actual or threatened public health emergencies, including the ongoing COVID-19 pandemic.

Further information on these risks and uncertainties relating to Salesforce can be found in the Preliminary Prospectus Supplement relating to the Offer and its reports filed on Forms 10-K, 10-Q and 8-K and other filed documents. by Salesforce with the SEC. from time to time and available at www.sec.gov.



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