Oracle Finalizes $5 Billion Mandatory Convertible Preferred Stock Offering
ORCL sits 35% above its 52-week low of $118.86.
Summary
Oracle Corporation finalized the terms for an offering of 100 million depositary shares, representing mandatory convertible preferred stock, expected to raise approximately $4.95 billion for general corporate purposes.
Key Events · Financing and Capital Events · ORCL
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Offering Terms Finalized
Oracle Corporation finalized the pricing and terms for an offering of 100 million depositary shares, each representing a 1/2,000th interest in a share of 6.50% Series D Mandatory Convertible Preferred Stock.
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Significant Capital Raise
The offering is expected to generate approximately $4.95 billion in net proceeds for the company.
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Dilutive Security
The mandatory convertible preferred stock will convert into common stock by January 2029, leading to future dilution for existing shareholders.
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General Corporate Use of Proceeds
Proceeds will be allocated for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions, and payment of cash dividends or common stock repurchases.
Analysis · ORCL · Technology
This Free Writing Prospectus finalizes the terms for a significant capital raise by Oracle, following a preliminary prospectus supplement filed yesterday. The $4.95 billion offering of mandatory convertible preferred stock, while dilutive upon conversion, is priced near the current market value of the underlying common stock equivalent, indicating a standard financing approach rather than a distressed one. This capital infusion, alongside a concurrent $25 billion debt offering, supports Oracle's stated strategy to raise substantial capital for general corporate purposes, including potential strategic investments or debt reduction. Investors should monitor the impact of this significant capital raise on Oracle's balance sheet and future earnings per share.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ORCL was trading at $160.55 on NYSE in the Technology sector, with a market capitalization of approximately $459.9B. The 52-week trading range was $118.86 to $345.72. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.