Summary
Oracle Corporation (ORCL) filed an 8-K on March 20, 2008, primarily to disclose the execution of a new $2 billion 364-day revolving credit agreement, dated March 18, 2008. This new facility provides Oracle with significant short-term liquidity and financial flexibility. The agreement was entered into with a syndicate of lenders and agents, indicating strong financial backing and confidence from its banking partners.
Key Highlights
- 1Execution of a new $2,000,000,000 364-day revolving credit agreement.
- 2The credit agreement is dated as of March 18, 2008.
- 3This agreement provides Oracle with substantial short-term borrowing capacity.
- 4The filing includes the consent of Duff & Phelps, LLC, likely related to financial advisory or valuation services.
- 5The report was signed by Safra A. Catz, President and Chief Financial Officer, confirming the legitimacy of the filing.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the execution of a new $2 billion 364-day revolving credit agreement, which provides Oracle Corporation with significant short-term liquidity.
The new revolving credit facility is for $2,000,000,000 and has a term of 364 days.
The credit agreement is among Oracle Corporation, and the lenders and agents named within the agreement.
The consent of Duff & Phelps, LLC is included as an exhibit, suggesting their involvement as a financial advisor, valuation expert, or in some other capacity related to the credit agreement or the company's financial reporting.