Oracle Is Sued Over Disclosures Tied to 2025 Bond Offering (2)

Oracle Corp. was sued by bondholders who claim that the database giant failed to disclose plans to raise more debt when it borrowed $18 billion in one of 2025’s largest corporate bond offerings.

The Ohio Carpenters’ Pension Plan, which was among bondholders that bought bonds issued in September, claims that Oracle didn’t tell investors that it needed to raise a “significant amount of additional debt” to finance its artificial intelligence infrastructure, according to a lawsuit filed in a New York state court Wednesday.

Several weeks after issuing the notes, Bloomberg reported that banks were also providing a $38 billion debt ...