Oracle Corporation is planning to raise between $45 billion and $50 billion in gross proceeds this year to fund a major expansion of Oracle Cloud Infrastructure capacity for some of its largest contracted customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, xAI and others.  

The company intends to use a balanced mix of equity and debt, with roughly half of the capital coming from equity-linked and common equity issuances and the other half from a single investment-grade bond deal. 

On the equity side, Oracle expects to pursue a combination of equity-linked and common stock offerings, including an initial issuance of mandatory convertible preferred securities that will represent a modest share of the total equity capital. The financing toolkit will also feature a newly authorized at-the-market equity program of up to $20 billion, allowing Oracle to issue shares flexibly over time at prevailing prices, depending on market conditions and funding needs. 

On the debt side, Oracle plans a one-time issuance of investment-grade senior unsecured bonds in early 2026 to raise the remaining half of the targeted capital and does not anticipate further bond issuance beyond that transaction.  

Goldman Sachs & Co. LLC will lead the senior unsecured bond offering, while Citigroup is set to lead both the at-the-market equity program and the mandatory convertible preferred equity offering. 

Join 400+ leaders at North America’s premier digital infrastructure & AI investment event. The most influential leaders in cybersecurity, digital infrastructure, and energy innovation are converging in Montreal on February 11 for Connect North American Investment in Digital Infrastructure & AI. This is one of the most important executive gatherings of the year—where conversations around Canada’s digital security, infrastructure resilience, and long-term competitive advantage are actively taking shape. To learn more visit www.connectdigitalai2026.com