Oracle Prices $4.5 Billion of Investment Grade Notes

Oracle Corporation (Nasdaq: ORCL) has announced the pricing of its sale of $1.5 billion of 3.750% Notes due 2014 (the “2014 Notes”), $1.75 billion of 5.000% Notes due 2019 (the “2019 Notes”) and $1.25 billion of 6.125% Notes due 2039 (the “2039 Notes”). The offering is expected to settle on July 8, 2009.

The 2014 Notes will bear interest at the rate of 3.750% per year, the 2019 Notes will bear interest at the rate of 5.000% per year and the 2039 Notes will bear interest at the rate of 6.125% per year. Interest will be payable semi-annually on January 8 and July 8 for each of the 2014 Notes, the 2019 Notes and the 2039 Notes, commencing on January 8, 2010.

Oracle intends to use the net proceeds from the offering for general corporate purposes and future acquisitions, including the proposed acquisition of Sun Microsystems, Inc. and acquisition-related expenses.

The offering is being made through an underwriting syndicate led by Banc of America Securities LLC, Morgan Stanley & Co. Incorporated and Wachovia Capital Markets, LLC.

The offering of these securities is made only by means of a prospectus, copies of which may be obtained by contacting: Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, New York 10001, Telephone: (800) 294-1322; Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, Telephone: (866) 718-1649; or Wachovia Capital Markets, LLC, Wachovia Customer Information Center, 1525 West W.T. Harris Boulevard, Charlotte, NC 28262-0675, Telephone: (800) 326-5897.
The notes are being offered pursuant to an automatically effective shelf registration statement filed with the Securities and Exchange Commission on May 10, 2007.

Related News Stories

• No Related Posts