Oracle Prices $10 Billion Aggregate Principal Amount of Investment Grade Notes

REDWOOD SHORES, Calif., Nov. 7, 2017 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced the pricing of its sale of $1,250,000,000 of 2.625% Notes due 2023 (the "2023 Notes"), $2,000,000,000 of 2.950% Notes due 2024 (the "2024 Notes"), $2,750,000,000 of 3.250% Notes due 2027 (the "2027 Notes"), $1,750,000,000 of 3.800% Notes due 2037 (the "2037 Notes") and $2,250,000,000 of 4.000% Notes due 2047 (the "2047 Notes"). The offering is expected to settle on November 9, 2017, subject to customary closing conditions.

The 2023 Notes will bear interest at the rate of 2.625% per year, the 2024 Notes will bear interest at the rate of 2.950% per year, the 2027 Notes will bear interest at the rate of 3.250% per year, the 2037 Notes will bear interest at the rate of 3.800% per year and the 2047 Notes will bear interest at the rate of 4.000% per year. Interest will be payable semi-annually on February 15 and August 15, commencing August 15, 2018 for the 2023 Notes, and payable semi-annually on May 15 and November 15 for each of the 2024 Notes, the 2027 Notes, the 2037 Notes and the 2047 Notes, commencing May 15, 2018.

Oracle intends to use the net proceeds of the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock, repayment of indebtedness and future acquisitions.

The offering is being made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC.

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, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attn: Prospectus Department, Telephone: 1-800-294-1322, Email: [email protected] or Wells Fargo Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue South, Minneapolis, MN 55402, Telephone: (800) 645-3751, Email: [email protected].

The notes are being offered pursuant to an automatically effective shelf registration statement filed with the U.S. Securities and Exchange Commission on March 18, 2016.

Important Information

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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SOURCE Oracle Corporation