v3.25.4
NOTES PAYABLE AND OTHER BORROWINGS
 9 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
NOTES PAYABLE AND OTHER BORROWINGS
3.
NOTES PAYABLE AND OTHER BORROWINGS

Senior Notes

In the first nine months of fiscal 2026, we issued a total of $43.0 billion par value of senior notes comprised of the following:

 

 

 

 

February 28, 2026

(Dollars in millions)

 

Date of
Issuance

 

Amount

 

 

Effective
Interest
Rate

Fixed-rate senior notes:

 

 

 

 

 

 

 

$3,000, 4.55%, due February 2029

 

February 2026

 

$

3,000

 

 

4.74%

$3,000, 4.45%, due September 2030

 

September 2025

 

 

3,000

 

 

4.55%

$3,500, 4.95%, due February 2031

 

February 2026

 

 

3,500

 

 

5.08%

$3,000, 4.80%, due September 2032

 

September 2025

 

 

3,000

 

 

4.87%

$3,000, 5.35%, due May 2033

 

February 2026

 

 

3,000

 

 

5.42%

$4,000, 5.20%, due September 2035

 

September 2025

 

 

4,000

 

 

5.25%

$5,000, 5.70%, due February 2036

 

February 2026

 

 

5,000

 

 

5.78%

$2,500, 5.875%, due September 2045

 

September 2025

 

 

2,500

 

 

5.91%

$2,250, 6.55%, due February 2046

 

February 2026

 

 

2,250

 

 

6.59%

$3,500, 5.95%, due September 2055

 

September 2025

 

 

3,500

 

 

6.05%

$5,000, 6.70%, due February 2056

 

February 2026

 

 

5,000

 

 

6.74%

$2,000, 6.10%, due September 2065

 

September 2025

 

 

2,000

 

 

6.17%

$2,750, 6.85%, due February 2066

 

February 2026

 

 

2,750

 

 

6.89%

Floating-rate senior notes:

 

 

 

 

 

 

 

$500, Compounded SOFR plus 1.11%, due February 2029

 

February 2026

 

 

500

 

 

4.92%

Total senior notes

 

 

 

$

43,000

 

 

 

Unamortized discount/issuance costs

 

 

 

 

(251

)

 

 

Total senior notes, net

 

 

 

$

42,749

 

 

 

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 for the fixed-rate senior notes and quarterly for the floating-rate senior notes. We may redeem some or all of the fixed-rate 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 February 28, 2026.

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. Refer to Note 12 below for subsequent events related to certain of our borrowing arrangements.