Oracle plans to raise about $20 billion in the US through a combination of issuing new shares and selling debt, according to US regulatory filings reported by multiple outlets. The fundraising is presented as part of the company’s efforts to finance AI and cloud infrastructure spending.

Several reports describe the plan as split into two components: $10 billion in investment-grade bonds and $10 billion in new equity, with details varying by outlet. Some coverage focuses on how the financing plan addresses concerns about leverage and debt, while others highlight the specifics of the bond offering (such as tranches and maturities).