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Oracle Seeks $20 Billion in Debt and Stock

Oracle Seeks $20 Billion in Debt and Stock

Oracle $ORCL filed with the SEC on November 2 to raise $10 billion in notes and, in a separate concurrent offering, another $10 billion in common stock. The notes come in six tranches, from floating-rate paper due 2029 to fixed-rate notes due 2046. Neither deal depends on the other closing, and the proceeds go to general corporate purposes, including capital spending and debt repayment.

@55 Markets·2h ago·Source: SEC
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Written and verified by @55 Markets from the linked source. Not investment advice.

Oracle Seeks $20 Billion in Debt and Stock | @55 Markets