New York:Oracle Corporation has announced plans to raise $20 billion through stock and bond sales to expand its data center capacity to meet the increasing demand for artificial intelligence (AI) computing.

According to Anadolu Agency – English, Oracle has filed preliminary plans with the US Securities and Exchange Commission to sell $10 billion in common stock and another $10 billion in senior notes. The proceeds from these sales could be utilized for capital expenditures, debt repayments, or potential future investments. The pricing for these offerings has not been set at the time of the filing.

During its investor day on October 28, Oracle revealed that it intends to limit additional fundraising in capital markets to $20 billion through fiscal 2030, with an even split between equity and debt. This cap does not include borrowing aimed at refinancing existing obligations. The company anticipates that capital spending will peak in fiscal years 2027 and 2028, after which it aims to finance its growth internally starting in fiscal 2029.

Following the announcement, Oracle shares experienced a decline of approximately 4.5%.