Title:

Oracle: Issues $5 Billion In New Debt

Price:$150.00
Publication Date:Apr 03, 2008
Source:CreditSights Inc
Report Type:Article
Abstract:Oracle has issued $5 billion in new debt to finance the acquisition of BEA Systems. Given the expected slowdown in corporate IT spending and that Oracle has just doubled their debt level, we believe the new deal is priced somewhat tight.
Brief Excerpt: Oracle: Issues $# Billion In New Debt Oracle has issued $# billion in new debt in order to finance the acquisition of BEA Systems. áThe new senior unsecured bonds came in three tranches: $#.## billion of #-year #.##% notes at a spread...
Word Count:932
Report Type:Article
Topic:M&A Activity
Format:HTML HTML
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

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