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BusinessQuiet 10d · day 10

Oracle sells $20B in bonds and stock, maxing new borrowing cap in one shot

Days after telling investors it would cap new borrowing at $20 billion through 2030, Oracle moved to raise that entire amount at once.

newest coverage 10d agosummary written 9d ago5 pieces6 likes & upvotes NewswiresGoogle NewsMastodon

What to know

  • Oracle is raising $10 billion in bonds and $10 billion in stock, exhausting its entire new $20 billion borrowing cap within a week of announcing it.
  • The cap was meant to signal fiscal discipline through 2030 while Oracle leans on AI usage fees for revenue; the immediate full drawdown undercuts that signal.
  • The raise likely funds Oracle's AI datacenter capex, which hit $55.7 billion in fiscal 2026 and is projected at $90-95 billion in fiscal 2027.
  • Oracle already faces financing strain on AI infrastructure deals, including a $100M+/year Wisconsin power commitment and a force majeure notice sent over the New Mexico Project Jupiter campus.

Oracle Company at center of the storyHilary Maxson Oracle CFOOpenAI Oracle datacenter partnerBlue Owl Capital Developer of Project Jupiter datacenter campusVantage Co-developer of Wisconsin datacenter campus

Oracle sells $20B in bonds and stock, maxing new borrowing cap in one shot
The Register

How it unfolded 1 development · click the chart to see its coverage articles

Peak 3 pieces in 3h at Nov 2, 12 PM; 5 pieces over 10 days (4 articles · 1 post) Nov 2, 9 AM — 1 piece · 1 article — Newswires 1Nov 2, 12 PM — 3 pieces · 3 articles — Google News 1, Mastodon 1, Newswires 1Nov 2, 3 PM — quietNov 2, 6 PM — quietNov 2, 9 PM — quietNov 3, 12 AM — quietNov 3, 3 AM — quietNov 3, 6 AM — quietNov 3, 9 AM — quietNov 3, 12 PM — quietNov 3, 3 PM — quietNov 3, 6 PM — quietNov 3, 9 PM — quietNov 4, 12 AM — quietNov 4, 3 AM — quietNov 4, 6 AM — quietNov 4, 9 AM — quietNov 4, 12 PM — quietNov 4, 3 PM — quietNov 4, 6 PM — quietNov 4, 9 PM — quietNov 5, 12 AM — quietNov 5, 3 AM — quietNov 5, 6 AM — quietNov 5, 9 AM — quietNov 5, 12 PM — quietNov 5, 3 PM — quietNov 5, 6 PM — quietNov 5, 9 PM — quietNov 6, 12 AM — quietNov 6, 3 AM — quietNov 6, 6 AM — quietNov 6, 9 AM — quietNov 6, 12 PM — quietNov 6, 3 PM — quietNov 6, 6 PM — quietNov 6, 9 PM — quietNov 7, 12 AM — quietNov 7, 3 AM — 1 piece · 1 post — Mastodon 1Nov 7, 6 AM — quietNov 7, 9 AM — quietNov 7, 12 PM — quietNov 7, 3 PM — quietNov 7, 6 PM — quietNov 7, 9 PM — quietNov 8, 12 AM — quietNov 8, 3 AM — quietNov 8, 6 AM — quietNov 8, 9 AM — quietNov 8, 12 PM — quietNov 8, 3 PM — quietNov 8, 6 PM — quietNov 8, 9 PM — quietNov 9, 12 AM — quietNov 9, 3 AM — quietNov 9, 6 AM — quietNov 9, 9 AM — quietNov 9, 12 PM — quietNov 9, 3 PM — quietNov 9, 6 PM — quietNov 9, 9 PM — quietNov 10, 12 AM — quietNov 10, 3 AM — quietNov 10, 6 AM — quietNov 10, 9 AM — quietNov 10, 12 PM — quietNov 10, 3 PM — quietNov 10, 6 PM — quietNov 10, 9 PM — quietYesterday, 12 AM — quietYesterday, 3 AM — quietYesterday, 6 AM — quietYesterday, 9 AM — quietYesterday, 12 PM — quietYesterday, 3 PM — quietYesterday, 6 PM — quietYesterday, 9 PM — quietToday, 12 AM — quietToday, 3 AM — quietToday, 6 AM — quietToday, 9 AM — quietToday, 12 PM — quietToday, 3 PM — quietToday, 6 PM — quiet 1
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10yesterdaynow · 8:28 PM ET
  1. 1

    Oracle launches $10B bond and $10B stock offering at once

    In notices to investors, Oracle offered $10 billion in bonds alongside $10 billion in common stock, effectively using its entire new $20 billion borrowing allowance in a single move just a week after setting the cap.

    “The week after promising to cap new borrowing at $20 billion until the end of its 2030 financial year, Oracle launched plans to borrow all that in one go.”
    — The Register
    1. 2 outlets Oracle gobbles $20 billion borrowing limit a week after setting it

      first by Mastodon, 10d ago · also The Register

  2. background

    Oracle caps new borrowing at $20 billion through fiscal 2030 — Oracle told investors it would limit new borrowing to $20 billion until the end of fiscal year 2030 and would make up revenue by charging for AI usage on top of seat-based subscriptions; CFO Hilary Maxson called it a firm commitment at an analysts' event.

  3. background

    Oracle sends force majeure notice over Project Jupiter delay risk — Oracle reportedly sent a force majeure notice to a Blue Owl Capital subsidiary developing Project Jupiter in New Mexico, seeking to defer payments if the campus fails to come online on schedule; Oracle says the project remains on track.

  4. background

    Oracle flags $100M+ yearly cost for Wisconsin campus power deal — Oracle said it could face more than $100 million a year in financing costs to guarantee power commitments behind a nearly 1 GW datacenter campus being developed with Vantage and OpenAI in Wisconsin.

  5. background

    Oracle discloses $455B in RPOs, $300B tied to OpenAI — Oracle's valuation surged after it disclosed $455 billion in remaining performance obligations, with $300 billion later revealed to be tied to OpenAI datacenter leasing deals.