根据向美国证券交易委员会提交的文件，甲骨文公司周一开始推销100亿美元投资级债券，同时进行另一项100亿美元股票发行。
Oracle began marketing $10bn in investment-grade bonds on Monday, alongside a separate $10bn share offering, according to a filing with the US Securities and Exchange Commission.
债券发行分为六个期限。其中一个期限采用浮动利率，将于2029年到期。其余五个期限采用固定利率，到期年份分别为2029年、2031年、2033年、2037年和2046年。
The bond sale is divided into six tranches. One carries a floating interest rate and matures in 2029. The other five have fixed rates, with maturities in 2029, 2031, 2033, 2037 and 2046.
初步文件未明确各期限的利率或分配金额。美银证券领衔此次债券发行，富国银行、花旗集团、摩根大通和德意志银行等其他银行也参与其中。
The preliminary filing did not specify the interest rates or the amount allocated to each tranche. BofA Securities is leading the bond sale, with Wells Fargo, Citigroup, JPMorgan and Deutsche Bank among the other banks involved.
债券和股票发行是两笔独立交易，意味着其中一笔可以在没有另一笔的情况下进行。甲骨文表示，计划将所得款项用于一般公司用途，可能包括资本支出、偿还债务、收购、股息和股票回购。
The bond and share offerings are separate transactions, meaning either can go ahead without the other. Oracle said it plans to use the proceeds for general corporate purposes, which could include capital expenditure, debt repayment, acquisitions, dividends and share buybacks.
此次融资紧随甲骨文公司10月28日在拉斯维加斯举行的投资者日活动。在该活动上，公司表示计划到2030财年通过新增资本筹集最多200亿美元，债务和股权各占一半。
The fundraising follows Oracle’s investor day in Las Vegas on 28 October. At the event, the company said it would raise up to $20bn in new capital through fiscal 2030, split evenly between debt and equity.
该上限不包括现有债务的再融资。这也发生在甲骨文公司于6月至8月完成200亿美元股票出售之后。
That limit excludes refinancing of existing debt. It also comes after Oracle completed a $20bn share sale between June and August.
“我们宣布，这200亿美元，债务和股权各占一半，是资助本轮剩余部分所需的最终金额，”首席财务官希拉里·麦克斯森在活动上表示。
“We’re announcing that this $20 billion, split evenly between debt and equity, is the final amount needed to fund the remainder of this cycle,” chief financial officer Hilary Maxson said at the event.
这笔资金旨在支持甲骨文公司为AI客户（包括OpenAI）扩建数据中心。该公司截至2026年5月止年度在数据中心上花费了557亿美元。预计支出将在今年和明年达到高峰，随后在2029财年下降。
The capital is intended to support Oracle’s data centre expansion for AI customers, including OpenAI. The company spent $55.7bn on data centres in the year ending May 2026. It expects spending to peak this year and next, before declining in fiscal 2029.
此次扩建增加了甲骨文公司现有的债务负担。根据文件，截至8月31日，该公司报告的总负债约为2361亿美元，其中包括1253亿美元的无担保优先借款。
The expansion is adding to Oracle’s existing debt burden. As of 31 August, the company reported around $236.1bn in total liabilities, including $125.3bn in senior unsecured borrowings, according to the filing.
甲骨文预计其自由现金流将在2028财年下半年转为正值。该公司表示，新债券预计将在发行定价后两个营业日交付给买家。
Oracle expects its free cash flow to turn positive in the second half of fiscal 2028. It said the new bonds are expected to be delivered to buyers two business days after the offering is priced.