REDWOOD SHORES (dpa-AFX) - Oracle Corp. (ORCL) announced the pricing of its sale of $4.25 billion of 1.900% Notes due 2021, $2.50 billion of 2.400% Notes due 2023, $3 billion of 2.650% Notes due 2026 , $1.25 billion of 3.850% Notes due 2036 and $3 billion of 4.000% Notes due 2046. The offering is expected to settle on July 7, 2016, subject to customary closing conditions.
The 2021 Notes will bear interest at the rate of 1.900% per year, the 2023 Notes will bear interest at the rate of 2.400% per year, the 2026 Notes will bear interest at the rate of 2.650% per year, the 2036 Notes will bear interest at the rate of 3.850% per year and the 2046 Notes will bear interest at the rate of 4.000% per year.
Interest will be payable semi-annually on March 15 and September 15 for each of the 2021 Notes and the 2023 Notes, commencing March 15, 2017, and payable semi-annually on January 15 and July 15 for the 2026 Notes, the 2036 Notes and the 2046 Notes, commencing January 15, 2017.
Oracle noted that it intends to use the net 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.
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