Oracle plans to raise $20 billion through bonds and stock sales

Oracle plans to raise $20 billion through the sale of bonds and new shares, two US regulatory filings showed on Monday, in a move that adds to its fundraising for expensive AI and cloud infrastructure.

Shares of the company slipped 3.5% in premarket trading.

Oracle said it will use the money for general corporate purposes. That can include capital spending, paying down debt, acquisitions, dividends and share buybacks.