ServiceNow Inc.’s first US dollar bond sale since 2020 attracted demand nearly 10 times the deal’s size, defying concerns about the software firm’s vulnerability to artificial intelligence disruption.
The company drew more than $38 billion in orders for its $4 billion investment-grade debt offering and secured tighter spreads across all five tranches of the deal, according to people with direct knowledge of the matter, who asked not to be identified disclosing private information.
The Santa Clara, California-based firm provides software that helps companies organize and automate employee and information technology operations. But like other enterprise software providers, it’s yet ...
