Oracle plans to raise $45B-$50B to expand Oracle Cloud Infrastructure capacity

Financing Data Center announced United States Jan 1, 2026

USD45M

Deal Value

Oracle Cloud Infrastructure

Project

Oracle plans to raise between $45 billion and $50 billion in calendar year 2026 through a combination of equity and debt financing to support the expansion of its Oracle Cloud Infrastructure (OCI) business. The financing is intended to fund infrastructure capacity required to meet contracted cloud demand from large enterprise and technology customers.

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Counterparts (3)

lead manager

Citi

company · 2 deals

Citi is a global investment bank and financial services company dedicated to providing financial services to enable growth and economic progress. They offer a range of products and services as an integrated institution.

Goldman Sachs

company · 3 deals

Goldman Sachs is a leading global investment bank, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. They are active in financing and investing in the renewables sector.

Developer

Oracle

company

Oracle is a technology company that provides a wide range of cloud computing services, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). They are a major player in the data center and cloud infrastructure space, providing solutions for various industries.

Deal Analysis

Oracle's planned financing of $45 billion to $50 billion in 2026 signifies a major commitment to expanding its Oracle Cloud Infrastructure (OCI) business. The capital raise, through a combination of equity and debt, is specifically earmarked for increasing infrastructure capacity to meet contracted cloud demand from large enterprise and technology clients. This move underscores Oracle's ambition to capture a larger share of the cloud computing market and directly compete with established players. The involvement of Goldman Sachs and Citigroup as lead managers further validates the scale and importance of this undertaking. This deal is notable for its sheer size, reflecting the substantial investment required to build and maintain competitive cloud infrastructure. Oracle's proactive approach to securing funding well in advance of deployment suggests a strategic focus on long-term growth and market leadership in the cloud sector. The deal's success will likely depend on Oracle's ability to effectively deploy the capital and attract and retain large enterprise clients to its OCI platform.

Sizeable financing of $45B-$50B for cloud infrastructure expansion.
Focus on meeting contracted demand from large enterprise clients.
Involvement of Goldman Sachs and Citigroup as lead managers.
Strategic move to compete with established cloud providers.

Source Intelligence

KEY DETAILS

The financing combines equity issuance and a one-time investment-grade bond offering. Oracle said the capital will support contracted cloud demand while maintaining balance sheet discipline. The remainder will be raised through a one-time issuance of senior unsecured investment-grade bonds. The company said it does not expect to issue additional debt bonds during calendar year 2026. The equity program will allow it to issue shares incrementally based on market conditions, while the bond issuance is expected to occur early in 2026.

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Deal Size

Oracle plans to raise $45B–$50B in 2026 to expand Oracle Cloud Infrastructure capacity.

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Financials

Oracle said roughly half of the targeted funding will come from equity issuance, including mandatory convertible preferred securities and an at-the-market equity program of up to $20 billion.

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Expected Close

Oracle plans to raise $45B–$50B in 2026 to expand Oracle Cloud Infrastructure capacity.

PARTIES MENTIONED IN SOURCE

AMD customer