Oracle announced pricing of floating rate notes

By IVCPOST Staff Reporter

Jul 10, 2013 02:50 AM EDT

Oracle Corporation announced the pricing of its sale of US$500 million of Floating Rate Notes due for 2019.

Oracle offered US$1.50 billion of 2.375% notes due 2019 and US$1.0 billion of 3.625% notes due 202. 

The offering is expected to settle on July 16, 2013.

Oracle intends to use the net proceeds from the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock and future acquisitions.

The offering is being made through an underwriting syndicate led by Merrill Lynch, Pierce, Credit Suisse Securities (USA), HSBC Securities (USA) Inc. and Fenner & Smith Incorporated, LLC.

The notes are being offered pursuant to an automatically effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission on April 15, 2013.

The offering of these securities is made only by means of a prospectus Oracle announced that copies of the prospectus may be obtained from Merrill Lynch, Pierce and Fenner & Smith Incorporated.

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