Oracle has unveiled a comprehensive funding strategy to raise between $45 billion and $50 billion in gross proceeds over the 2026 calendar year, aiming to support rapid expansion of its Cloud Infrastructure business. This marks a significant follow-on to last fall’s $18 billion bond issuance, reflecting management’s confidence in sustained enterprise demand and the opportunity to capture additional market share. The targeted proceeds will be split evenly between debt and equity, preserving the company’s investment-grade credit profile while providing the firepower to accelerate data center build-outs and network capacity upgrades across North America, Europe and Asia.

On the equity side, Oracle plans to generate roughly 50 percent of its funding through a mix of equity-linked instruments and common stock sales. The program includes an initial issuance of mandatory convertible preferred securities, representing a modest portion of the total, alongside a newly authorized at-the-market (ATM) equity program with a ceiling of $20 billion. Management intends to draw from the ATM vehicle opportunistically, deploying capital in small tranches based on prevailing market dynamics. This flexible approach is designed to optimize dilution impact while ensuring the company can move swiftly to meet contractual commitments with its largest cloud customers.

Oracle will execute one single, one-time issuance of senior unsecured investment-grade bonds early in the year to fund the remaining half of its financing goal, with no additional bond sales planned for the rest of 2026. Goldman Sachs & Co. LLC has been appointed to lead the bond offering, while Citigroup will manage both the ATM equity program and the mandatory convertible preferred issuance. The Board of Directors has unanimously approved the plan, underscoring the company’s commitment to disciplined capital allocation, balance sheet strength and transparent communication with investors as it accelerates its cloud infrastructure footprint.