Oracle looks to raise $15 billion from corporate bond sale

Oracle is seeking to borrow $15 billion from the US investment-grade bond market on Wednesday, according to people familiar with the matter.

The software maker is selling debt in as many as seven parts, including a rare 40-year bond, the people said, asking not to be identified discussing private details. Initial price discussions for that portion of the deal are in the area of 1.65 percentage point above similarly dated Treasuries.

The deal comes as Oracle begins to fulfill massive cloud infrastructure deals with OpenAI and Meta Platforms Inc., which are boosting the company’s expenses. In the next several years, it is projected to spend hundreds of billions of dollars to rent and power data centers.


The company didn’t immediately respond to a request for comment. The proceeds can be used for capital expenditures, future investments or acquisitions, or for other general corporate purposes, including repaying debt.

Bank of America, Citigroup, Deutsche Bank AG, Goldman Sachs Group Inc., HSBC Holdings Plc, and JPMorgan Chase & Co are leading Oracle’s deal. The firm last sold debt in January.