Oracle proposes $20 billion stock and bond raise

Oracle has proposed raising $20 billion through separate stock and bond offerings, with the proceeds available for general corporate purposes including investment in its artificial intelligence and cloud infrastructure. A Nov. 2 prospectus filed with the U.S. Securities and Exchange Commission describes $10 billion in common stock and $10 billion in senior notes. The financing is proposed, not completed. Oracle has not set the stock offering’s final price or share count, and the company says the notes may not be issued on the described terms or at all. The two transactions may proceed independently. A separate report cited an expected $116 share price, but that figure was not set in the prospectus. Oracle said proceeds could also go toward capital expenditures, debt repayment, investments or acquisitions, dividends and share repurchases. The filing does not earmark the money for a single purpose. The proposed amounts match a funding framework Oracle outlined for its fiscal 2027 through fiscal 2030 investment cycle, which sets a $20 billion limit on additional capital-market funding, excluding refinancing. The company has said capital spending is expected to peak in fiscal 2027...