I look forward to being around for the last to mature. Oracle expects proceeds of about $19.9 billion to be used for general corporate purposes, which it said could include in stock repurchases, payment of cash dividends on stock, repayment of indebtedness and future acquisitions. Certainly in the current market, most companies are looking to raise or conserve cash. Stock repurchases are disappearing for the moment—both Sage and Intuit hacw suspended their repurchase programs. Another tack was taken last month by H&R Block which drew on its $2 billion revolving credit facility, which it had not previously touchedLast modified on Wednesday, 01 April 2020
ORACLE FLOATS $20B IN NOTES Featured
Oracle has priced $20-billion in notes this week. The company issued six tranches of debt with interest rates ranging from 2.5 percent for notes due 2025 to 3.85 percent for notes due 2060.