Oracle Stock Faces Its $20 Billion Raise The Morning After
By Damilola Esebame
AI summary of the source article
Oracle Corporation priced a combined $20 billion equity and debt offering, issuing 86,206,897 new common shares at $116 each alongside $10 billion in senior notes across five tranches. Both offerings were scheduled to close around November 4.
Why it matters
The company said proceeds would be available for general corporate purposes, including capital expenditures, debt repayment, future investments or acquisitions, dividends, and share repurchases.
Key facts
- Oracle priced 86,206,897 common shares at $116 per share, expecting roughly $9.9 billion in net proceeds.
- The $10 billion debt component spans five tranches with a combined annual coupon obligation of approximately $776.75 million.
- The transaction fully utilizes the $20 billion capital-markets funding limit Oracle pledged through fiscal 2030.
Source excerpt · FinanceFeeds
Oracle Corporation priced a combined $20 billion equity and debt offering on November 2, setting 86,206,897 new common shares at $116 each and issuing $10 billion in senior notes across five tranches, according to the company’s pricing release . Both offerings were set to close on or about November 4, when the new shares were also scheduled to settle and become part of the tradable share count. Th…