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Published on 3/30/2020 in the Prospect News Investment Grade Daily.

Oracle plans to sell notes due 2025, 2027, 2030, 2040, 2050, 2060

By Devika Patel

Knoxville, Tenn., March 30 – Oracle Corp. intends to offer fixed-rate notes (A3/A+) in six tranches, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are due in 2025, 2027, 2030, 2040, 2050 and 2060.

The notes feature a make-whole call and then a par call.

BNY Mellon Capital Markets LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including stock repurchases, dividend payments, debt repayment and acquisitions.

The computer software and technology company is based in Redwood City, Calif.


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