Oracle Corp Files For Offering Of $1.5B 4.200% Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Oracle Corp has filed for an offering of $1.5 billion in 4.200% notes due in 2029. This move is likely aimed at raising capital for corporate purposes, which could include debt refinancing or funding strategic initiatives.
September 25, 2024 | 8:44 pm
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Oracle Corp has filed for an offering of $1.5 billion in 4.200% notes due 2029. This could be a strategic move to raise capital for various corporate purposes, potentially impacting the company's financial flexibility and growth strategies.
The issuance of $1.5 billion in notes suggests Oracle is looking to raise capital, which could be used for debt refinancing or other strategic initiatives. This move indicates a proactive approach to managing its capital structure, but it does not directly impact the stock price in the short term. Investors may view this as a neutral event unless further details on the use of proceeds are disclosed.
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