Oracle Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Oracle Corporation on July 8, 2009, reporting an event that occurred on June 30, 2009. The filing details the consummation of a debt issuance transaction.
Key Financial Metrics
The filing reports the issuance of $4.50 billion in principal amount of Notes. The filing text does not provide clear values for revenue, profit, cash flow, margins, or existing liquidity metrics, as this report focuses solely on the debt issuance event.
- Total Debt Issued: $4.50 billion
- Tranche 1: $1.50 billion of 3.750% Notes due 2014
- Tranche 2: $1.75 billion of 5.000% Notes due 2019
- Tranche 3: $1.25 billion of 6.125% Notes due 2039
Material Changes
The primary material change is the increase in long-term debt obligations resulting from the sale of the Notes on July 8, 2009. The transaction was executed pursuant to an underwriting agreement dated June 30, 2009, with Banc of America Securities LLC, Morgan Stanley & Co. Incorporated, and Wachovia Capital Markets, LLC acting as representatives.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, or specific risk factors beyond the standard terms of the debt issuance. The Notes were issued under an existing Indenture dated January 13, 2006, as amended. No unusual items or contingencies were disclosed in this specific report.
Investor Verification Checklist
- Verify the final use of proceeds from the $4.50 billion issuance in subsequent financial statements.
- Review the Form of Officers' Certificate (Exhibit 4.08) for specific covenants and redemption terms.
- Confirm the impact of the new debt on the company's leverage ratios in the next quarterly report.
- Check for any changes in credit ratings following this issuance.