Oracle Prices $20 Billion Stock-and-Bond Offering, Sets Shares at $116
Photo: The Crypto Basic
Oracle Corporation (NYSE: ORCL) finalized pricing for a $20 billion stock-and-bond offering late Monday, setting 86,206,897 new common shares at $116 each. The accompanying $10 billion debt offering carries approximately $776.75 million in annual contractual coupon payments across five bond series. Before Monday’s market opened, Oracle filed preliminary SEC prospectuses for a proposed $10 billion common-stock offering and a separate $10 billion senior-notes offering. Its shares fell 8.76% to $119.22 in the regular session, before the company announced final pricing at 10:09 p.m. ET.
Source: The Crypto Basic
