Summary by Moomoo AI
Oracle Corporation has announced the offering of four series of notes with varying maturity dates ranging from 2029 to 2064. The notes, which have not yet been priced, will bear interest at rates to be determined. The offering includes % notes due 2029, % notes due 2034, % notes due 2054, and % notes due 2064. The notes will be unsecured and rank equally with Oracle's other existing and future unsecured and unsubordinated indebtedness. The interest on the notes will be payable semi-annually, with the specific dates to be confirmed. Oracle intends to use the net proceeds from the offering for general corporate purposes, which may include stock repurchases, repayment of other indebtedness, and future acquisitions. The joint book-running managers for the offering are BofA Securities, Citigroup, Goldman Sachs & Co. LLC, HSBC, and J.P. Morgan.
