Oracle begins separate $10 billion bond and share offerings
Technology · First reported 2 Nov, 14:00 · Updated 14:22
Oracle began marketing $10 billion in bonds alongside a separate $10 billion share offering, according to an SEC filing. The company said proceeds would support general corporate purposes, while its broader fundraising plan is intended to help fund data-centre expansion.
- Oracle began marketing $10 billion in bonds alongside a separate $10 billion share offering; either transaction can proceed without the other.
- The bond sale is divided into six tranches, with maturities from 2029 to 2046; the preliminary filing did not specify rates or tranche amounts.
- Oracle said the fundraising would support general corporate purposes, including potential capital expenditure, debt repayment, acquisitions, dividends and share buybacks.
Summary written by Lux AI from 2 articles
Key facts
- Offerings
- $10 billion in bonds and a separate $10 billion share offering.
- Bond tranches
- Six tranches, with maturities in 2029, 2031, 2033, 2037 and 2046; the 2029 maturity includes a floating-rate tranche.
- Planned use
- General corporate purposes, potentially including capital expenditure, debt repayment, acquisitions, dividends and share buybacks.
- Reported liabilities
- Around $236.1 billion in total liabilities as of 31 August, including $125.3 billion in senior unsecured borrowings.
- Data-centre spending
- $55.7 billion in the year ending May 2026; Oracle expects spending to peak this year and next, then decline in fiscal 2029.
- Free cash flow
- Oracle expects free cash flow to turn positive in the second half of fiscal 2028.
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- Oracle Launches $20 Billion in Stock and Bond Sales2 Nov, 20:55
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