What is the primary purpose of this 8-K filing?

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.

What is the total amount and term of the new credit facility?

The new revolving credit facility is for $2,000,000,000 and has a term of 364 days.

Who are the parties involved in the credit agreement?

The credit agreement is among Oracle Corporation, and the lenders and agents named within the agreement.

Why is the consent of Duff & Phelps, LLC included?

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.

ORCL 8-K: Material Agreements & Financial Events

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.

ORACLE CORP 8-K Report, Material Agreement (Mar 21, 2008)

Summary

Key Highlights

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