Oracle Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Oracle Corporation on November 9, 2017. The report discloses the consummation of a debt issuance event on the same date.
Key Financial Metrics
The filing details the issuance of $10 billion in aggregate principal amount of senior notes. The filing text does not provide current revenue, profit, cash flow, margins, or existing liquidity metrics, as this report focuses solely on the debt transaction.
| Note Maturity | Interest Rate | Principal Amount |
|---|---|---|
| 2023 | 2.625% | $1,250,000,000 |
| 2024 | 2.950% | $2,000,000,000 |
| 2027 | 3.250% | $2,750,000,000 |
| 2037 | 3.800% | $1,750,000,000 |
| 2047 | 4.000% | $2,250,000,000 |
| Total Issuance | N/A | $10,000,000,000 |
Material Changes
The primary material change is the increase in long-term debt obligations by $10 billion. The notes were issued pursuant to an underwriting agreement dated November 7, 2017, with Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acting as representatives.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, or specific risk factors related to future operations. The notes are 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 use of proceeds from the $10 billion issuance in subsequent financial statements.
- Review the full text of the Officers' Certificate (Exhibit 4.1) for specific covenants and redemption terms.
- Confirm the impact of this new debt on the company's leverage ratios and credit ratings.
- Check for any subsequent filings regarding the pricing or settlement of these notes.