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Oracle Seeks $20B for AI Expansion
Oracle plans to raise $20 billion to fund the expansion of its cloud infrastructure and AI data centers, by issuing $10 billion in new shares and an equal amount in bonds maturing between 2029 and 2046. It will offer 86.2 million shares at $116 each, an 11.2% discount to the previous closing price, while bond yields will range from 7% to 8.65%. The move falls within the company’s planned ceiling for additional external financing through fiscal 2030, as its outstanding debt stood at about $125.34 billion at the end of August.
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