ServiceNow US Bond Sale Draws $38 Billion of Investor Demand

ServiceNow Inc. attracted strong investor demand for its first US dollar bond sale since 2020, defying concerns about artificial intelligence disruption.

The software firm has drawn more than $38 billion of investor orders for the offering launched Tuesday, according to people with direct knowledge of the matter. The company is seeking to raise $4 billion from the deal.

The company is offering bonds in five tranches, with maturities ranging from two to 30 years. Proceeds will be used to repay outstanding debt tied ServiceNow’s $7.75 billion takeover of cybersecurity startup Armis. That includes a $4 billion term loanwith banks ...