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Oracle plans to sell benchmark notes in multiple tranches Monday
By Aleesia Forni
Virginia Beach, June 30 – Oracle Corp. is in Monday’s market with a benchmark-sized sale of notes in seven tranches, according to a market source and a 424B2 filing with the Securities and Exchange Commission.
There will be floating-rate tranches due 2017 and 2019, along with fixed-rate tranches due 2019, 2021, 2024, 2034 and 2044.
Bookrunners are BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC.
Proceeds will be used for general corporate purposes, possibly including stock repurchases, payment of cash dividends on common stock, for future acquisitions and repayment of debt.
The computer software and technology company is based in Redwood City, Calif.
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