Reported Earlier, Oracle Prices $20B Offerings, 86,206,897 Shares At $116.00 Per Share, About $9.9B Net, And Five Senior Notes Tranches Due 2029-2046, About $10.0B Net; Closing Nov. 4, Proceeds For General Corporate Purposes
Oracle Corporation (NYSE:ORCL) today announced the pricing of concurrent underwritten public offerings of 86,206,897 shares of its common stock, par value $0.01 per share, at a public offering price of $116.00 per share
Oracle is raising about $20 billion by selling new stock and bonds. This means the company has cash to spend on big plans or investments.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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