v3.26.1
Debt
 3 Months Ended
Apr. 30, 2026
Debt Disclosure [Abstract]  
Debt Debt
The components of the Company's borrowings were as follows (in millions):
InstrumentDate of IssuanceMaturity DateContractual Interest Rate
Outstanding Principal as of April 30, 2026
Carrying Value as of April 30, 2026Carrying Value as of January 31, 2026
Informatica 364-day Credit Agreement
November 2025November 2026N/A0 0 4,000 
March 2028 Senior NotesMarch 2026March 20284.50 %3,500 3,488 0 
April 2028 Senior NotesApril 2018April 20283.70 1,500 1,497 1,497 
July 2028 Senior Sustainability NotesJuly 2021July 20281.50 1,000 997 996 
Informatica Three-year Credit Agreement
November 2025November 2028N/A0 0 2,000 
March 2029 Senior NotesMarch 2026March 20294.65 4,250 4,236 0 
2026 Term Loan Credit Agreement (1) March 2026March 20314.266,000 5,995 0 
July 2031 Senior NotesJuly 2021July 20311.95 1,500 1,493 1,493 
September 2031 Senior NotesMarch 2026September 20314.90 3,750 3,728 0 
March 2033 Senior NotesMarch 2026March 20335.20 2,750 2,731 0 
March 2036 Senior NotesMarch 2026March 20365.55 4,500 4,473 0 
July 2041 Senior NotesJuly 2021July 20412.70 1,250 1,237 1,237 
March 2046 Senior NotesMarch 2026March 20466.40 1,500 1,486 0 
July 2051 Senior NotesJuly 2021July 20512.90 2,000 1,980 1,980 
March 2056 Senior NotesMarch 2026March 20566.55 3,750 3,713 0 
July 2061 Senior NotesJuly 2021July 20613.05 1,250 1,236 1,236 
March 2066 Senior NotesMarch 2026March 20666.70 1,000 990 0 
Total carrying value of debt39,500 39,280 14,439 
Less current portion of debt0 (4,000)
Total noncurrent debt$39,280 $10,439 
(1) The contractual interest rate represents the weighted-average for the period outstanding.
The Company was in compliance with all debt covenants as of April 30, 2026.
The carrying amount of the Company’s 2026 Term Loan Credit Agreement (as defined below) approximates fair value as it bears interest at a floating rate that resets frequently and reflects current market spreads for similar credit risk profiles. The fair value of the term loan is classified as Level 2 within the fair value hierarchy. The total estimated fair value of the Company's outstanding senior unsecured notes (the “Senior Notes”) above was $31.4 billion and $6.7 billion as of April 30, 2026 and January 31, 2026, respectively. The fair value was determined based on the closing trading price per $100 of the Senior Notes as of the last day of trading of the first quarter of fiscal 2027 and the last day of trading of fiscal 2026, and are deemed Level 2 liabilities within the fair value measurement framework.
The contractual future principal payments for all borrowings as of April 30, 2026 were as follows (in millions):
Fiscal Period:
Remaining nine months of fiscal 2027$0 
Fiscal 20280 
Fiscal 20296,000 
Fiscal 20304,250 
Fiscal 20310 
Thereafter29,250 
Total principal outstanding$39,500 
Revolving Credit Facility
In October 2024, the Company entered into a credit agreement with the lenders and issuing lenders party thereto, and Bank of America, N.A., as administrative agent (the “Revolving Loan Credit Agreement”). The Revolving Loan Credit Agreement provides for a $5.0 billion unsecured revolving credit facility (“Credit Facility”) and matures in October 2029. The Company may use the proceeds of future borrowings under the Credit Facility for general corporate purposes. There were no outstanding borrowings under the Credit Facility as of April 30, 2026.
2026 Term Loan Credit Agreement
In March 2026, the Company entered into a $6.0 billion five-year senior unsecured term loan credit agreement (the "2026 Term Loan Credit Agreement"). The Company used the 2026 Term Loan Credit Agreement to refinance and extend the maturities of the outstanding principal amounts under its existing $4.0 billion 364-day Credit Agreement and $2.0 billion Three-year Credit Agreement (collectively, the “Informatica Credit Agreements”). This non-cash financing activity has been excluded from the Condensed Consolidated Statement of Cash Flows. The 2026 Term Loan Credit Agreement matures in March 2031. As of April 30, 2026, the entire $6.0 billion principal amount was outstanding under the 2026 Term Loan Credit Agreement.
March 2026 Notes
In March 2026, the Company issued $25.0 billion aggregate principal amount of unsecured Senior Notes (collectively, the “March 2026 Notes”), with maturities ranging from 2028 to 2066. The proceeds from this offering, net of discounts and debt issuance costs, was $24.8 billion. Interest on each of the March 2026 Notes is payable semi-annually in arrears. The Company may redeem any portion of the March 2026 Notes, either in whole or in part, at any time, subject to certain early redemption provisions.
The Company used the net proceeds from the March 2026 Notes to fund an accelerated share repurchase program of its common stock. For more information regarding the accelerated share repurchase program, see Note 9 “Stockholders’ Equity.”