Oracle Corporation, the third-largest global software maker, announced yesterday its plan to sell $4.5 billion of its debt to prepare for future acquisitions, including its offer to purchase Sun Microsystems Inc. The debt will be sold in three parts; $1.5 billion at an annual interest rate of %3.75 maturing in 2014, $1.75 billion with an annual interest rate of %5 that will mature in 2019 and $1.25 billion set at %6.125 to mature in 30 years. Oracle note offering will end July 8th.
The leading managers of the sale are Bank of America, Morgan Stanley and Wachovia. In April Oracle agreed to purchase Sun Microsystems for $7.4 billion, the transition is expected to be finished by the end of August.
Kim Lynch, executive vice president of government defense and intelligence at Oracle, recently received her 2024 Wash100 Award from Jim Garrettson, CEO of Executive Mosaic and founder of the esteemed accolade. Wash100 is an annual celebration of the government contracting industry’s most notable leaders. Executives who win a Wash100 Award are highly accomplished individuals whose actions have
Government leaders are moving toward a hybrid cloud approach as cloud technologies and data needs continue to evolve. Officials from the Defense Information Systems Agency and the Army’s Enterprise Cloud Management Agency spoke about how their organizations are embracing hybrid cloud and the new opportunities emerging in this area. Roger Greenwell, CIO and director of
Oracle will offer cloud services to the Administrative Office of the U.S. Courts under a potential 10-year, $100 million multiple-award blanket purchase agreement to support the latter’s information technology modernization efforts. The U.S. Courts will gain access to Oracle Cloud Infrastructure services and Oracle Cloud VMware Solution through the BPA, the company said Tuesday. In