Simpson Thacher represented the underwriters in connection with a recently announced pair of registered offerings of debt and equity securities by Oracle Corporation for $20 billion in aggregate proceeds. The offerings comprise an offering of $10 billion aggregate principal amount of senior notes over five tranches and a $10 billion offering of shares of Oracle’s common stock.
The net proceeds of the offerings are intended to be used by Oracle for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends on or repurchases of common stock.
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.
The Simpson Thacher team included Daniel Webb, Jonathan Kachiu, Anna LeGrett, Olivia Pepper, Dina Stumpf, Corinna Kwok, Fiona Sands and Lina Shim (Capital Markets); Michael Mann and Paul Jansch (Tax); Kate Mirino and Isabella Gonzalez (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).