term-sheet · v1 · uploaded Jun 29, 2026
Term Sheet - CRM2 Revolving credit facility
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INDICATIVE TERM SHEET - REVOLVING CREDIT FACILITY
Date: 2026-06-29
Borrower: Salesforce, Inc. ("CRM" or the "Borrower")
Lender: Meridian Capital Partners Fund II, L.P. (the "Lender")
Facility: $22,000,000 revolving credit facility.
Interest Rate: Term SOFR plus 6.00% per annum, payable monthly in arrears.
Maturity: 48 months from the Closing Date.
Optional Prepayment: The Borrower may prepay the Facility in whole or in part, subject to a prepayment premium of 2.0% of the principal amount prepaid during the first twelve months following the Closing Date, and at par thereafter.
Financial Reporting: The Borrower shall deliver unaudited quarterly financial statements within 60 days of each fiscal quarter end, and audited annual financial statements within 120 days of each fiscal year end.
Assignment: The Lender may assign its rights and obligations under the Facility with the prior written consent of the Borrower, such consent not to be unreasonably withheld.
Most Favored Nation: If the Borrower incurs any indebtedness on economic terms more favorable to the applicable lender than the terms of the Facility, the terms of the Facility shall be adjusted to match such more favorable terms.
Events of Default: Customary for facilities of this type, including nonpayment, breach of covenants, material misrepresentation, cross-default to other material indebtedness, and insolvency events.
Governing Law: This term sheet and the definitive documentation shall be governed by the laws of the State of Delaware.
Non-Binding: This term sheet is an indication of interest only and does not constitute a commitment to lend.
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