Oracle ORCL intends to accept debts of $ 18 billion, as can be seen from a document submitted on Wednesday. The company wants to invest strongly in building a cloud infrastructure in order to meet the growing AI demand.
The company has increased its expenses to conclude cloud infrastructure contracts with companies such as Openaai, which are expected to significantly increase its investment expenses.
The cloud infrastructure and software manufacturer sells debts in six parts, as can be seen from a term sheet submitted to the US stock exchange inspectorate Securities and Exchange Commission.
As the company announced on Wednesday in a separate submission, the proceeds from bond sales can be used for general corporate purposes, including share return purchases, the repayment of debt and acquisitions.
