Oracle Prices $3.0 Billion of Investment Grade Notes
REDWOOD SHORES, Calif. – July 9, 2013
Oracle Corporation (NASDAQ: ORCL) today announced the pricing of its sale of $500 million of Floating Rate Notes due 2019 (the “2019 Floating Rate Notes”), $1.50 billion of 2.375% Notes due 2019 (the “2019 Fixed Rate Notes”) and $1.0 billion of 3.625% Notes due 2023 (the “2023 Fixed Rate Notes”). The offering is expected to settle on July 16, 2013.
The 2019 Floating Rate Notes will bear interest at a floating rate equal to three-month LIBOR plus 0.58% per year, the 2019 Fixed Rate Notes will bear interest at the rate of 2.375% per year and the 2023 Fixed Rate Notes will bear interest at the rate of 3.625% per year. Interest will be payable quarterly on January 15, April 15, July 15 and October 15 for the 2019 Floating Rate Notes, commencing October 15, 2013, and semi-annually on January 15 and July 15 for each of the 2019 Fixed Rate Notes and the 2023 Fixed Rate Notes, commencing on January 15, 2014.
Oracle intends to use the net proceeds from the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock and future acquisitions.
The offering is being made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc.
The offering of these securities is made only by means of a prospectus, copies of which may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Prospectus Department, 222 Broadway, 11th Floor, New York, New York 10038, Telephone: (800) 294-1322, Email: firstname.lastname@example.org; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, Telephone: (800) 221-1037, Email: email@example.com; or HSBC Securities (USA) Inc., Attention: Syndicate, Debt Capital Markets, 452 Fifth Avenue, New York, New York 10018, Telephone: (866) 811-8049, Email: firstname.lastname@example.org.
The notes are being offered pursuant to an automatically effective shelf registration statement filed with the U.S. Securities and Exchange Commission on April 15, 2013.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
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