Overview
- Oracle plans a roughly even split between equity and debt financing to maintain an investment‑grade balance sheet.
- Equity funding will include mandatory convertible preferred securities and an at‑the‑market program of up to $20 billion executed over time.
- Debt funding will come from a single investment‑grade senior unsecured bond offering expected early in 2026, with no additional bond issues planned for the year.
- Goldman Sachs will lead the bond transaction, while Citigroup will lead the equity components.
- The proceeds target additional Oracle Cloud Infrastructure capacity for customers such as AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI, with standard SEC filings and forward‑looking risks noted.