Oracle Plans $45-50B Financing to Expand Cloud Infrastructure

Oracle Corporation announced a financing plan to raise $45 to $50 billion in calendar year 2026 to fund expansion of its Oracle Cloud Infrastructure capacity.

• $45–$50 billion target for calendar year 2026: Oracle will raise gross cash proceeds of $45 to $50 billion, using a balanced combination of debt and equity with approximately half equity and half debt; equity components include an initial issuance of mandatory convertible preferred securities (a modest portion) and a newly authorized at-the-market equity program of up to $20 billion to be issued flexibly over time. The debt component will be a single, one-time issuance of investment-grade senior unsecured bonds early in 2026; the plan has been approved by the Oracle Board of Directors and intends to maintain an investment-grade balance sheet.
• Background and implementation details: Goldman Sachs & Co. LLC will lead the senior unsecured bond offering and Citigroup will lead the at-the-market and mandatory convertible preferred offerings; the financing is intended to build capacity to meet contracted demand from major customers including AMD, Meta, NVIDIA, OpenAI, TikTok and xAI. The release includes a Safe Harbor noting risks such as delays in construction or implementation of any of the data centers. Investor contact: phone 1-650-506-4073, email investor_us@oracle.com, address Investor Relations Department, Oracle Corporation, 500 Oracle Parkway, Redwood City, California 94065.