Summary by Moomoo AI
Oracle Corporation has announced the issuance of $6.25 billion in aggregate principal amount of unsecured notes, divided into four tranches with varying interest rates and maturities. The offering includes $1.5 billion of 4.200% notes due 2029, $1.75 billion of 4.700% notes due 2034, $1.75 billion of 5.375% notes due 2054, and $1.25 billion of 5.500% notes due 2064. Interest on these notes will be paid semi-annually, with the first payment commencing on March 27, 2025. Oracle Corporation has the option to redeem the notes of any series in whole or in part at any time, with the redemption prices specified under the heading 'Description of the Notes—Optional Redemption'. The notes will rank equally with all other existing and future unsecured and unsubordinated indebtedness. The offering is managed by a syndicate of banks, including BofA Securities, Citigroup, and Goldman Sachs & Co. LLC, among others, acting as joint book-running managers. The notes are expected to be delivered to purchasers on or about September 27, 2024.
