ORCL · 10-K · 2026A · Full report
Senior notes issuance / indebtedness
ORACLE CORP · 2026-06-22 · Importance 71 · Surprise 60 · In source text
During fiscal 2026 Oracle materially increased its debt and liquidity arrangements: it issued $43.0 billion par value of senior notes across maturities from 2029 to 2066, and issued $5.0 billion of 6.50% Series D Mandatory Convertible Preferred Stock. The company terminated a $6.0 billion revolver and entered into a new $10.0 billion five‑year revolving credit agreement, and increased its commercial paper program to $10.0 billion (with $1.5 billion outstanding as of May 31, 2026). Oracle states proceeds from these financings may be used for capital expenditures, repayment of indebtedness, future investments or acquisitions, and payment of dividends or repurchases. The financing activity materially supports the company’s elevated capex and cloud expansion while providing additional liquidity flexibility.
Key facts
- Proceeds from issuance of senior notes, net of issuance costs, were $42.7 billion during fiscal 2026. source
- Net cash provided by financing activities increased by $39.2 billion in fiscal 2026 relative to fiscal 2025 primarily due to an increase of $28.8 billion in proceeds from the issuance of senior notes, net of issuance costs. source
- During fiscal 2026, Oracle issued a total of $43.0 billion par value of senior notes comprising multiple tranches including $500 million floating rate notes due February 2029 and other listed tranches. source
- During fiscal 2026 Oracle issued $5.0 billion of 5.70% senior notes due February 2036. source
- During fiscal 2026 Oracle issued $4.0 billion of 5.20% senior notes due September 2035. source
- During fiscal 2026 Oracle issued $5.0 billion of 6.70% senior notes due February 2056. source
- During fiscal 2026 Oracle issued $3.0 billion of 4.55% senior notes due February 2029. source
- During fiscal 2026 Oracle issued $3.0 billion of 4.45% senior notes due September 2030. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +16.3% | Proceeds from issuance of senior notes, net of issuance costs, were $42.7 billion during fiscal 2026. |
| liability | negative | realized | -16.3% | Proceeds from issuance of senior notes, net of issuance costs, were $42.7 billion during fiscal 2026. |
| liability | negative | realized | -1.9% | During fiscal 2026 Oracle issued $5.0 billion of 5.70% senior notes due February 2036. |
| liability | negative | realized | -1.5% | During fiscal 2026 Oracle issued $4.0 billion of 5.20% senior notes due September 2035. |
| cash | positive | realized | +1.5% | During fiscal 2026 Oracle issued $4.0 billion of 5.20% senior notes due September 2035. |
| liability | negative | realized | -1.3% | During fiscal 2026 Oracle issued $3.5 billion of 4.95% senior notes due February 2031. |
| cash | positive | realized | +1.3% | During fiscal 2026 Oracle issued $3.5 billion of 4.95% senior notes due February 2031. |
| liability | negative | realized | -1.1% | During fiscal 2026 Oracle issued $3.0 billion of 4.55% senior notes due February 2029. |
| cash | positive | realized | +1.1% | During fiscal 2026 Oracle issued $3.0 billion of 4.55% senior notes due February 2029. |
| liability | negative | realized | -1.1% | During fiscal 2026 Oracle issued $2.75 billion of 6.85% senior notes due February 2066. |
| cash | positive | realized | +1.1% | During fiscal 2026 Oracle issued $2.75 billion of 6.85% senior notes due February 2066. |
| liability | negative | realized | -1.0% | During fiscal 2026 Oracle issued $2.5 billion of 5.875% senior notes due September 2045. |