Date Closed

April 3, 2020

Lead Office

Toronto

Value

20.00 Billion USD

On March 30, 2020, Oracle announced the pricing of its six-part sale of notes at US$20 billion, the largest US 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 acted as Canadian counsel to Oracle with a team led by Andrew Parker and Oliver Borgers that included Charles-Antoine Souliere.