Simpson Thacher Represents Underwriters in Connection with Oracle's $10 Billion Investment-Grade Note Offerings
07.08.14
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Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, in connection with the registered public offering by Oracle Corporation of $1 billion aggregate principal amount of senior floating rate notes due 2017, $750 million aggregate principal amount of senior floating rate notes due 2019, $2 billion aggregate principal amount of 2.250% senior notes due 2019, $1.5 billion aggregate principal amount of 2.800% senior notes due 2021, $2 billion aggregate principal amount of 3.400% senior notes due 2024, $1.75 billion aggregate principal amount of 4.300% senior notes due 2034, and $1.0 billion aggregate principal amount of 4.500% senior notes due 2044.
The net proceeds of the offerings are intended to be used for general corporate purposes, which may include stock repurchases, payment of cash dividends on common stock, future acquisitions, including Oracle’s pending acquisition of MICROS Systems, Inc., and repayment of indebtedness, including repayment of Oracle’s 3.75% senior notes due July 2014.
Oracle Corporation is the world’s largest provider of enterprise software and a leading provider of computer hardware products and services.
The Simpson Thacher team included Bill Hinman, Dan Webb, Ryan Coombs, Rob Woodward and Fred De Albuquerque (Corporate), Noah Metz (Tax), Joshua Walker and Michelle Morad (IP), and Jennie Getsin (Blue Sky). Summer Associate Casey Corr also provided valuable assistance.