Overview

• The investment‑grade sale is being offered in as many as seven parts, including a rare 40‑year maturity, according to people familiar with the matter.
• Initial price talk for the 40‑year note is about 1.65 percentage points above comparable U.S. Treasuries.
• Proceeds may be used for capital expenditures, investments, acquisitions or other general corporate purposes, including debt repayment.
• Oracle’s cash flow turned negative this year for the first time since 1992, and analysts expect a return to positive around 2029.
• Long‑term debt was about $95 billion at the end of August, and Bloomberg Intelligence says leverage may rise yet investment‑grade ratings appear durable as investors assess leadership changes following news that CEO Safra Catz will be replaced.