Salesforce slips as $25B debt-funded buyback and rating outlook pressure the stock
CRM•Salesforce shares are falling as investors reassess the company’s newly levered capital return plan after it launched a $25 billion debt-funded accelerated share repurchase. The financing package triggered rating pressure, with S&P revising its outlook on Salesforce to negative alongside the record note issuance.
1. What’s driving the drop today
Salesforce (CRM) is trading lower as the market focuses on balance-sheet risk tied to its newly announced, debt-funded capital return. In March 2026, the company entered accelerated share repurchase (ASR) agreements totaling $25 billion and paired the program with a large multi-tranche senior notes offering, shifting investor attention from buyback support to leverage, refinancing risk, and future financial flexibility. (sec.gov)
