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Oracle raises $20B in debt and stock after pledging restraint, stock drops 9%
Credit markets signal growing concerns about Oracle's debt load
1 Nov 2 9:00 AM · 10d ago · 2 articles · 1 post · 3 sources · development 1 of 1
Credit default swap pricing shows it costs five times as much to insure Oracle's debt as Microsoft's. Oracle's 2066 bonds yield 8.4%, compared to 6.1% for Microsoft and Apple bonds. The company burned through $24 billion in cash last fiscal year and carries $125 billion in debt, nearly double shareholder equity.
“It costs about five times as much to insure Oracle's debt against default as Microsoft's.”
Yahoo FinanceOracle Technology company raising capitalDaniel Newman Futurum CEO, analystFitch Credit rating agencyMoody's Credit rating agency
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first by Yahoo Finance, 10d ago
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