Oracle Sells $7 Billion of Debt to Help Fund Cerner Purchase (1)

Oracle Corp. is the latest company to seize the moment in a credit market recovery, bringing a $7 billion bond sale to help fund its acquisition of medical-records systems provider Cerner Corp.

The software-maker sold bonds in as many as four parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year note, yields 2.55 percentage points above Treasuries after earlier discussions of about 3.1 percentage points, said the person, who asked not to be identified as the details are private.

Oracle announced, along with the bond sale, that it also increased its ...