Global marketsUpdated November 3

Oracle prices stock and notes, with closing expected Nov. 4

Oracle’s $20 billion raise has moved from proposed terms to priced offerings, but it hasn’t closed: the company expects both to close Nov. 4, subject to customary conditions. It priced 86,206,897 common shares at $116 each, with about $9.9 billion in net proceeds expected from the stock offering, alongside $10 billion in notes. Oracle’s pricing notice lists five fixed-rate note series. That differs from Forbes’ earlier report of six bond tranches, one floating-rate, published before rates and offering prices were set.

2 publishers2 reports

Coverage started November 2