Oracle Corp. is tapping the US investment-grade bond market for $15 billion, people familiar with the matter told Bloomberg.
The debt sale will be split into as many as seven parts, including a rare 40-year note priced around 1.65 percentage points above comparable Treasuries.
The offering comes as Oracle ramps up spending to meet massive cloud infrastructure contracts with OpenAI and Meta Platforms Inc.
Analysts project the company will spend hundreds of billions of dollars in the coming years on leasing and powering data centers to support these high-demand deals.
Bank of America, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, and JPMorgan Chase are leading the bond sale. Their involvement underscores the scale and strategic importance of the deal as Oracle deepens its push into cloud computing.
