Oracle Raises $20 Billion Through Combined Stock and Debt Issuance

Oracle (ORCL) has completed a massive capital raise, selling 86.2 million new shares at $116 each to net approximately $9.9 billion. Alongside the equity sale, the company issued $10 billion in notes with maturities ranging from 2029 to 2046 and interest rates between 7% and 8.65%. This combined $20 billion raise hits the maximum amount the company previously signaled it would seek through fiscal 2030. The capital injection comes as Oracle aggressively expands its cloud infrastructure, having spent $28.5 billion on capital expenditures in its most recent fiscal quarter alone. While the stock issuance results in a roughly 3% dilution of existing shares, the move is intended to fund massive growth initiatives without further equity raises through 2030. However, investors are monitoring rising interest expenses, which grew significantly in recent quarters.

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