Oracle (ORCL) Prices $5 Billion in Notes
ORCL Hot Sheet
Overall Analyst Rating:NEUTRAL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +3.4%
Oracle Corporation (Nasdaq: ORCL) announced the pricing of its sale of $1.25 billion of 4.95% Notes due 2013, $2.50 billion of 5.75% Notes due 2018 and $1.25 billion of 6.50% Notes due 2038. The offering is expected to close on April 9, 2008.
The 2013 Notes will bear interest at the rate of 4.95% per year, the 2018 Notes will bear interest at the rate of 5.75% per year and the 2038 Notes will bear interest at the rate of 6.50% per year. Interest will be payable semi-annually on April 15 and October 15 for each of the 2013 Notes, the 2018 Notes and the 2038 Notes.
Oracle intends to use the net proceeds from the offering to fund the purchase of BEA Systems, Inc. (Nasdaq: BEAS) (expected to close in Oracle's fourth quarter of fiscal 2008), for acquisition related expenses and for general corporate purposes.[SM]
The 2013 Notes will bear interest at the rate of 4.95% per year, the 2018 Notes will bear interest at the rate of 5.75% per year and the 2038 Notes will bear interest at the rate of 6.50% per year. Interest will be payable semi-annually on April 15 and October 15 for each of the 2013 Notes, the 2018 Notes and the 2038 Notes.
Oracle intends to use the net proceeds from the offering to fund the purchase of BEA Systems, Inc. (Nasdaq: BEAS) (expected to close in Oracle's fourth quarter of fiscal 2008), for acquisition related expenses and for general corporate purposes.[SM]
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