Oracle Raises $15B in Bond Sale Amid AI Push and Leadership Reshuffle

Oracle Corp. has returned to the bond market with a $15 billion offering, its first since January, as the tech giant accelerates spending on artificial intelligence and data center expansion. Bank of America, Citi, Deutsche Bank, Goldman Sachs, HSBC, and JPMorgan are managing the deal.

The fundraising comes during a period of significant transformation for Oracle. The company recently overhauled its leadership structure, appointing Clay Magouyrk and Mike Sicilia as co-CEOs ahead of schedule. Magouyrk, 39, received a $250 million stock package, positioning him as the primary decision-maker over Sicilia, who was granted $100 million.

Oracle's aggressive moves follow major business developments including a partnership with OpenAI, its largest stock surge since 1992, and efforts to secure TikTok as a long-term cloud client. The bond proceeds will support data center buildouts and cloud infrastructure investments as competition intensifies in the AI and enterprise software sectors.