Oracle plans to sell benchmark notes in multiple tranches Tuesday

By Aleesia Forni

Virginia Beach, April 28 – Oracle Corp. is in Tuesday’s market with a benchmark-sized offering of notes in six tranches, according to a market source and a 424B2 filing with the Securities and Exchange Commission.

There will be tranches due 2022, 2025, 2030, 2035, 2045 and 2055.

Bookrunners are J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities LLC.

Proceeds will be used for general corporate purposes, possibly including stock repurchases, payment of cash dividends on common stock and funding future acquisitions.

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

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