On Apr. 3, 2020, Oracle completed its previously announced pricing of its six-part sale of notes at US$20 billion, the largest U.S. high-grade corporate bond deal of 2020 to date. The six different tranches are due between 2025 and 2060. Oracle intends to use the proceeds of the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock, repayment of indebtedness and future acquisitions.
Oracle is one of North America’s leading software and hardware providers specializing in database management systems, cloud computing, and emerging technologies.
McCarthy Tetrault LLP acted as Canadian counsel to Oracle with a team led by
Andrew Parker,
Oliver Borgers,
and which included
Charles-Antoine Souliere.
Davis, Polk & Wardwell acted as co-counsel.
Osler, Hoskin & Harcourt LLP acted as opposing counsel.
Simpson Thacher & Bartlett LLP acted as opposing counsel