Oracle ORCL-N plans to raise US$20-billion through bond and share sales, regulatory filings showed on Monday, as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.
Oracle plans $20-billion bond and share sale to finance AI expansion
EXECUTIVE SUMMARY
Proceeds to be used for corporate needs, including capital spending, debt repayment, acquisitions, dividends and share buybacks
Key Takeaways
- Oracle plans $20-billion bond and share sale to finance AI expansion.
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Published originally on The Globe and Mail - Business
