REDWOOD SHORES, Calif., 03-APR-2008 03:05 AM Oracle Corporation (NASDAQ: ORCL) today announced the pricing of its sale of $1.25 billion of 4.95% Notes due 2013 (the “2013 Notes”), $2.50 billion of 5.75% Notes due 2018 (the “2018 Notes”) and $1.25 billion of 6.50% Notes due 2038 (the “2038 Notes”). The offering is expected to close on April 9, 2008.
The 2013 Notes will bear interest at the rate of 4.95% per year, the 2018 Notes will bear interest at the rate of 5.75% per year and the 2038 Notes will bear interest at the rate of 6.50% per year. Interest will be payable semi-annually on April 15 and October 15 for each of the 2013 Notes, the 2018 Notes and the 2038 Notes.
Oracle intends to use the net proceeds from the offering to fund the purchase of BEA Systems, Inc. (expected to close in Oracle’s fourth quarter of fiscal 2008), for acquisition related expenses and for general corporate purposes.
The offering is being made through an underwriting syndicate led by Citi, Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated.
The offering of these securities is made only by means of a prospectus, copies of which may be obtained by contacting: Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone: (877) 858-5407; Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, Telephone: (800) 221-1037; or Morgan Stanley & Co. Incorporated, 180 Varick Street 2/F, New York, NY 10014, Attention: Prospectus Department, Telephone: (866) 718-1648. The notes are being offered pursuant to an automatically effective shelf registration statement filed with the Securities and Exchange Commission on May 10, 2007.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
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