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TechCrunch
TechCrunch
1M ago 14 views

Oracle is reportedly looking to raise $15B in corporate bond sale

Oracle is reportedly seeking to raise $15 billion through corporate bond sales following a significant AI infrastructure deal with OpenAI.
Oracle is reportedly looking to raise $15B in corporate bond sale
A What happened
Oracle is reportedly planning to raise $15 billion through corporate bond sales, as reported by Bloomberg. The bond sale may consist of up to seven parts, including a rare 40-year bond. This initiative comes shortly after Oracle secured a historic $300 billion AI infrastructure deal with OpenAI, raising questions about funding. Furthermore, Oracle is in discussions with Meta for a potential $20 billion compute deal. In a significant leadership change, Safra Catz will step down as CEO after 11 years, transitioning to the role of executive vice chair, with Clay Magouyrk and Mike Sicilia taking over as co-CEOs.

Key insights

  • 1

    Corporate Bond Sale

    Oracle plans to raise $15 billion through corporate bond sales.

  • 2

    AI Infrastructure Deal

    The bond sale follows a $300 billion deal with OpenAI.

  • 3

    Leadership Transition

    Safra Catz is moving from CEO to executive vice chair.

Takeaways

Oracle's bond sale reflects its strategic financial maneuvers in the evolving tech landscape.