Key facts
- Oracle filed to sell $10 billion of new common stock and $10 billion of bonds, matching a $20 billion limit set five days earlier.
- The stock sale would add about 76.5 million shares at the October 30 close of $130.67.
- Oracle's share count would rise to about 3.10 billion, above the 3.07 billion of June 2020.
- Oracle spent $153 billion on buybacks from fiscal 2012 to 2022, cutting its share count 47% between June 2011 and June 2022.
- The bond sale comprises six groups maturing between 2029 and 2046.
- Oracle said it raises money to build data center capacity for its biggest cloud customers.
Oracle Corp. moved to raise $20 billion in a single morning, filing to sell $10 billion of new common stock alongside $10 billion of bonds, matching the $20 billion cap on new money the company set five days earlier. The filings landed in three steps: a shelf registration at 7:30 a.m. Eastern time, a bond sale filing at 8:12 a.m. covering six groups maturing between 2029 and 2046, and a common stock filing at 8:16 a.m. Both documents are early drafts, with share price, interest rates and fees still blank, and BofA Securities leads the syndicate.
The equity component would add about 76.5 million shares at the October 30 close of $130.67, lifting Oracle's share count to roughly 3.10 billion. That would put the count back above the 3.07 billion recorded in June 2020, reversing part of a long contraction: Oracle spent $153 billion on buybacks between fiscal 2012 and 2022, cutting its share count 47% from 5.07 billion in June 2011 to 2.66 billion in June 2022. Shares stood at 3.02 billion as of August 31, 2026.
The company has said it raises capital to build data center capacity for its largest cloud customers, a use of proceeds that ties the offering to the broader financing of the AI infrastructure buildout. The move also marks a shift from earlier guidance: in February and June, Oracle said it did not expect to issue more bonds or debt in 2026.
Oracle's stock fell in a choppy session to start the week as the filings became public, a decline attributed to dilution from the new shares, which leave each existing holder with a slightly smaller slice of the company. According to people familiar with the matter, the company is poised to price the share sale at an 11% discount.