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Oracle | 8-K: Issuance of $6.25 Billion Aggregate Principal Amount of Notes

SEC ·  Sep 28 04:21

Summary by Futu AI

On September 27, 2024, Oracle Corporation successfully completed the issuance and sale of $6.25 billion in aggregate principal amount of notes. The offering included $1.5 billion of 4.200% notes due in 2029, $1.75 billion of 4.700% notes due in 2034, $1.75 billion of 5.375% notes due in 2054, and $1.25 billion of 5.500% notes due in 2064. The sale was conducted in accordance with an underwriting agreement with major financial institutions including BofA Securities, Citigroup Global Markets, Goldman Sachs & Co., HSBC Securities (USA), and J.P. Morgan Securities. The notes were issued under an Indenture dated January 13, 2006, and subsequent amendments. Oracle plans to use the net proceeds to repay existing debts, including notes due in November 2024, April 2025, and May 2025, as well as commercial paper borrowings. Any remaining funds may be allocated to general corporate purposes, which could encompass stock repurchases, dividend payments, debt repayment, and potential future acquisitions.
On September 27, 2024, Oracle Corporation successfully completed the issuance and sale of $6.25 billion in aggregate principal amount of notes. The offering included $1.5 billion of 4.200% notes due in 2029, $1.75 billion of 4.700% notes due in 2034, $1.75 billion of 5.375% notes due in 2054, and $1.25 billion of 5.500% notes due in 2064. The sale was conducted in accordance with an underwriting agreement with major financial institutions including BofA Securities, Citigroup Global Markets, Goldman Sachs & Co., HSBC Securities (USA), and J.P. Morgan Securities. The notes were issued under an Indenture dated January 13, 2006, and subsequent amendments. Oracle plans to use the net proceeds to repay existing debts, including notes due in November 2024, April 2025, and May 2025, as well as commercial paper borrowings. Any remaining funds may be allocated to general corporate purposes, which could encompass stock repurchases, dividend payments, debt repayment, and potential future acquisitions.

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