REDWOOD SHORES, CA--(Marketwired - Jun 29, 2016) - Oracle Corporation (NYSE: ORCL) announced the pricing of its sale of $4,250,000,000 of 1.900% Notes due 2021 (the "2021 Notes"), $2,500,000,000 of 2.400% Notes due 2023 (the "2023 Notes"), $3,000,000,000 of 2.650% Notes due 2026 (the "2026 Notes"), $1,250,000,000 of 3.850% Notes due 2036 (the "2036 Notes") and $3,000,000,000 of 4.000% Notes due 2046 (the "2046 Notes"). The offering is expected to settle on July 7, 2016, subject to customary closing conditions.
The 2021 Notes will bear interest at the rate of 1.900% per year, the 2023 Notes will bear interest at the rate of 2.400% per year, the 2026 Notes will bear interest at the rate of 2.650% per year, the 2036 Notes will bear interest at the rate of 3.850% per year and the 2046 Notes will bear interest at the rate of 4.000% per year. Interest will be payable semi-annually on March 15 and September 15 for each of the 2021 Notes and the 2023 Notes, commencing March 15, 2017, and payable semi-annually on January 15 and July 15 for the 2026 Notes, the 2036 Notes and the 2046 Notes, commencing January 15, 2017.
Oracle intends to use the net proceeds of the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock, repayment of indebtedness and future acquisitions.
The offering is being made through an underwriting syndicate led by Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC.
The offering of these securities is made only by means of a prospectus, copies of which may be obtained by contacting: Citigroup Global Markets, Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or telephone: 1-800-831-9146; HSBC Securities (USA) Inc. by mail at 452 5th Avenue, New York, NY, 10018, Attention: Transaction Management Americas, by telephone at 1-866-811-8049 or by email at email@example.com; J.P. Morgan Securities LLC, Attention: Investment Grade Syndicate Desk, 383 Madison Ave., New York, NY 10179, Telephone: (212) 834-4533; Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: firstname.lastname@example.org or Wells Fargo Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue, South Minneapolis, MN 55402, Telephone: (800) 645-3751.
The notes are being offered pursuant to an automatically effective shelf registration statement filed with the U.S. Securities and Exchange Commission on March 18, 2016.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
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