Oracle Completes $1.5B Senior Notes Offering
Ticker: ORCL-PD · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1341439
| Field | Detail |
|---|---|
| Company | Oracle CORP (ORCL-PD) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $0.40 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, notes
Related Tickers: ORCL
TL;DR
Oracle just closed a $1.5B debt offering for 5.500% Senior Notes due 2025.
AI Summary
On March 11, 2024, Oracle Corporation filed an 8-K report to announce the completion of its previously disclosed offering of Senior Notes due July 2025. The offering was for $1.5 billion aggregate principal amount of 5.500% Senior Notes due July 15, 2025. This filing also includes financial statements and exhibits related to this event.
Why It Matters
This offering provides Oracle with additional capital, potentially for general corporate purposes or strategic initiatives, impacting its financial structure and future investment capacity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a completed debt offering, with no new or unexpected risks indicated.
Key Numbers
- $1.5B — Senior Notes Offering (Aggregate principal amount of debt issued by Oracle.)
- 5.500% — Interest Rate (Coupon rate on the Senior Notes due July 15, 2025.)
- July 15, 2025 — Maturity Date (The date when the Senior Notes are due.)
Key Players & Entities
- Oracle Corporation (company) — Registrant
- March 11, 2024 (date) — Report Date
- $1.5 billion (dollar_amount) — Aggregate principal amount of Senior Notes
- 5.500% Senior Notes due July 15, 2025 (dollar_amount) — Specific debt instrument
FAQ
What was the purpose of the $1.5 billion Senior Notes offering?
The filing states the offering was for general corporate purposes, but does not specify further details.
When did Oracle Corporation file this 8-K report?
Oracle Corporation filed this 8-K report on March 11, 2024.
What is the interest rate on the Senior Notes?
The Senior Notes due July 15, 2025, carry an interest rate of 5.500%.
What is the maturity date of the Senior Notes?
The Senior Notes have a maturity date of July 15, 2025.
What other information is included in this filing besides the debt offering?
The filing also includes financial statements and exhibits related to the offering.
Filing Stats: 496 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-03-11 16:11:59
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share 3.125% senior notes due Jul
- $0.40 — rectors has declared a cash dividend of $0.40 per share of outstanding common stock p
Filing Documents
- orcl-20240311.htm (8-K) — 46KB
- orcl-ex99_1.htm (EX-99.1) — 1314KB
- img17877081_0.jpg (GRAPHIC) — 3KB
- 0000950170-24-029250.txt ( ) — 1561KB
- orcl-20240311.xsd (EX-101.SCH) — 52KB
- orcl-20240311_htm.xml (XML) — 6KB
02 Results of Operati ons and Financial Condition
Item 2.02 Results of Operati ons and Financial Condition On March 11, 2024, Oracle Corporation ("Oracle") issued a press release announcing financial results for its fiscal third quarter ended February 29, 2024. A copy of this press release is furnished as Exhibit 99.1 to this report. Section 8—Other Events
01 O ther Events
Item 8.01 O ther Events Oracle announced that its Board of Directors has declared a cash dividend of $0.40 per share of outstanding common stock payable on April 24, 2024, to stockholders of record as of the close of business on April 10, 2024. Section 9—Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release dated March 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNA TURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ORACLE CORPORATION Dated: March 11, 2024 By: /s/ M ARIA S MITH Maria Smith Executive Vice President, Chief Accounting Officer (Principal Accounting Officer)