By Cristal Cody
Tupelo, Miss., Nov. 7 – Oracle Corp. sold $10 billion of senior notes (A1/AA-/A+) in five tranches on Tuesday, according to a company press release.
The company priced $1.25 billion of 2.625% notes due 2023, $2 billion of 2.95% notes due 2024, $2.75 billion of 3.25% notes due 2027, $1.75 billion of 3.8% notes due 2037 and $2.25 billion of 4% notes due 2047.
BofA Merrill Lynch, Wells Fargo Securities LLC and J.P. Morgan Securities LLC were 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.
| Issuer: | Oracle Corp.
|
| Amount: | $10 billion
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Wells Fargo Securities LLC and J.P. Morgan Securities LLC
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 9
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: A+
|
| Distribution: | SEC registered
|
|
|
| Notes due 2023
|
| Amount: | $1.25 billion
|
| Maturity: | 2023
|
| Coupon: | 2.625%
|
|
|
| Notes due 2024
|
| Amount: | $2 billion
|
| Maturity: | 2024
|
| Coupon: | 2.95%
|
|
|
| Notes due 2027
|
| Amount: | $2.75 billion
|
| Maturity: | 2027
|
| Coupon: | 3.25%
|
|
|
| Notes due 2037
|
| Amount: | $1.75 billion
|
| Maturity: | 2037
|
| Coupon: | 3.8%
|
|
|
| Notes due 2047
|
| Amount: | $2.25 billion
|
| Maturity: | 2047
|
| Coupon: | 4%
|
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