Overview
- Oracle expects to generate $45–$50 billion in 2026, splitting the raise roughly evenly between equity and debt.
- On the debt side, the company plans a single investment‑grade senior unsecured bond early in the year, led by Goldman Sachs.
- Equity financing will include an initial mandatory convertible preferred issue and an at‑the‑market program of up to $20 billion run by Citigroup.
- Proceeds are earmarked to expand Oracle Cloud Infrastructure to serve contracted demand from customers such as AMD, Meta, NVIDIA, OpenAI, TikTok and xAI.
- The board approved the plan as Oracle faces investor scrutiny that includes a bondholder lawsuit and a late‑2025 spike in the cost to insure its debt.