Oracle has priced concurrent public offerings totaling approximately $20 billion, consisting of common stock and senior notes, as the company raises capital for general corporate purposes including capital expenditures, debt repayment, investments, acquisitions, dividends, and potential share repurchases.
The company is offering 86,206,897 shares of common stock at $116 per share.
Oracle expects the equity offering to generate approximately $9.9 billion in net proceeds after underwriting discounts and estimated offering expenses.
At the same time, the company is issuing approximately $10 billion of senior notes across five maturities.
The debt offering includes $2 billion of 7.000% notes due 2029, $1.75 billion of 7.450% notes due 2031, $2.25 billion of 7.850% notes due 2033, $2.5 billion of 8.000% notes due 2037, and $1.5 billion of 8.650% notes due 2046.
Oracle expects approximately $10 billion in net proceeds from the notes offering after underwriting discounts and estimated expenses.
Both transactions are expected to close on November 4, 2026, subject to customary closing conditions.
The equity and debt offerings are independent of one another, meaning completion of the common stock transaction is not contingent upon completion of the notes offering, and vice versa.
Oracle said the proceeds could be deployed across a broad range of corporate priorities.
Potential uses include capital expenditures, repayment of existing indebtedness, future investments and acquisitions, cash dividends, and common stock repurchases.
The financing gives Oracle additional flexibility as it continues investing in cloud infrastructure, applications, and other strategic initiatives while managing its balance sheet.
BofA Securities is serving as sole global coordinator for the offerings.
Wells Fargo Securities, Citigroup, BNP Paribas, Deutsche Bank Securities, J.P. Morgan, PNC Capital Markets, Goldman Sachs, HSBC, and SMBC Nikko are serving as joint book-running managers.
BTIG is also a joint book-running manager for the common stock offering, while U.S. Bancorp is a joint book-running manager for the notes transaction.
Lloyds Securities is acting as a joint book-running manager for the notes offering and as a co-manager for the equity transaction.
Additional co-managers include Intesa Sanpaolo, Mizuho, MUFG, TD Securities, Santander, BNY Capital Markets, CIBC Capital Markets, ING, and Standard Chartered Bank.
