v3.25.3
NOTES PAYABLE AND OTHER BORROWINGS
 6 Months Ended
Nov. 30, 2025
Debt Disclosure [Abstract]  
NOTES PAYABLE AND OTHER BORROWINGS
3.
NOTES PAYABLE AND OTHER BORROWINGS

Senior Notes

In September 2025, we issued $18.0 billion par value of fixed-rate senior notes comprising the following:

 

 

November 30, 2025

(Dollars in millions)

 

Amount

 

 

Effective
Interest
Rate

$3,000, 4.45%, due September 2030

 

$

3,000

 

 

4.55%

$3,000, 4.80%, due September 2032

 

 

3,000

 

 

4.87%

$4,000, 5.20%, due September 2035

 

 

4,000

 

 

5.25%

$2,500, 5.875%, due September 2045

 

 

2,500

 

 

5.91%

$3,500, 5.95%, due September 2055

 

 

3,500

 

 

6.05%

$2,000, 6.10%, due September 2065

 

 

2,000

 

 

6.17%

Total fixed-rate senior notes

 

$

18,000

 

 

 

Unamortized discount/issuance costs

 

 

(118

)

 

 

Total fixed-rate senior notes, net

 

$

17,882

 

 

 

We issued the senior notes for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends on or repurchases of our common stock. The interest is payable semi-annually. We may redeem some or all of the senior notes of each series prior to their maturity, subject to certain restrictions and the payment of an applicable make-whole premium in certain instances.

The senior notes rank pari passu with any other existing and future unsecured and unsubordinated indebtedness of Oracle. All existing and future indebtedness and liabilities of the subsidiaries of Oracle are or will be effectively senior to the senior notes. We were in compliance with all senior notes-related covenants as of November 30, 2025. The other terms and conditions of the senior notes are set forth in, and the foregoing description of the senior notes is qualified in its entirety by reference to, the Officers’ Certificate filed herewith as Exhibit 4.01 and incorporated by reference herein.

There have been no other significant changes in our notes payable or other borrowing arrangements that were disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2025.