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Oracle Incurs $117 Billion Debt, Becomes Largest Bond Issuer Outside Finance Sector

On June 11, Oracle's latest financial report revealed that in the fourth fiscal quarter ending May 31, capital expenditures primarily for data center investments reached approximately $16.5 billion, bringing the total annual expenditure to $55.7 billion—significantly higher than Oracle's previous estimate of $50 billion. For fiscal year 2027, the company plans to refinance $40 billion through equity and debt, which includes a previously announced $20 billion stock issuance plan. The entire tech industry is facing new scrutiny regarding the returns of such 'debt-driven, unprecedented scale' blind expansion. According to Bloomberg's U.S. Investment Grade Corporate Bond Index, Oracle carries approximately $117 billion in debt, making it the largest bond issuer outside the finance sector.

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