$ORCL · Oracle Corporation

Oracle Corporation filed a preliminary prospectus supplement for a debt offering of up to $10 billion in aggregate principal amount across six series of notes. The offering includes floating rate notes due 2029, whose interest will be based on Compounded SOFR plus a spread to be determined, and five series of fixed rate notes maturing in 2029, 2031, 2033, 2037, and 2046, with interest rates and payment dates left blank pending final terms. Interest on the floating rate notes is payable quarterly, while interest on the fixed rate notes is payable semi-annually. The floating rate notes may not be redeemed before maturity, and the fixed rate notes are redeemable at Oracle’s option under terms described in the supplement.

The notes will rank equally with Oracle’s other unsecured and unsubordinated indebtedness. Oracle is also conducting a separate concurrent offering of $10 billion of common stock, and the closing of either offering is not conditioned on the other. The notes are new issues with no established trading market, and Oracle does not intend to list them on any securities exchange. The filing also references risk factors and states that the registration statement is effective, while the specific pricing, underwriting discounts, and proceeds remain to be completed.