Oracle Completes $20 Billion Stock and Senior Note Offerings

Oracle completed its $20 billion stock-and-bond financing Nov. 4, closing a $10 billion share sale and issuing $10 billion in senior notes.

The stock offering covered 86,206,897 common shares sold at $116 each. Oracle issued $10 billion in principal amount of senior notes the same day. The combined $20 billion figure describes the gross size of the two offerings.

Oracle priced the offerings Nov. 2, establishing their terms before the closing. At pricing, the company had estimated approximately $9.9 billion in net proceeds from the stock sale and $10.0 billion from the notes after discounts and expenses. Those figures were estimates, not confirmed receipts at closing.