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Oracle to repay 2.8% notes, 1.9% notes, 2.5% notes via new notes
By Marisa Wong
Los Angeles, March 22 – Oracle Corp. plans to repay the entire $1.5 billion outstanding of its 2.8% notes due July 8, 2021, all $4.25 billion outstanding of its 1.9% notes due Sept. 15, 2021 and the entire $2.5 billion outstanding of its 2.5% notes due May 15, 2022 using proceeds from an offering of new notes, according to a 424B2 filing with the Securities and Exchange Commission.
The new notes will mature in 2026, 2028, 2031, 2041, 2051 and 2061.
Some of the underwriters of the new notes or their affiliates hold a portion of the outstanding 2.8% notes, 1.9% notes and 2.5% notes. As a result, those underwriters will receive a portion of the proceeds of the new issuance.
The database management and computer technology company is based in Austin, Tex.
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