Oracle plans to raise $45 billion to $50 billion in 2026.
The capital will fund the expansion of Oracle Cloud Infrastructure.
This expansion meets contracted demand from major customers, including NVIDIA, Meta, OpenAI, and xAI.
The funding uses a balanced mix of debt and equity.
Equity instruments will account for roughly half the total.
This includes a new at-the-market program of up to $20 billion.
The remaining half will come from a single issuance of senior unsecured bonds.
The plan addresses investor concerns over rising spending and debt levels.
These levels support the company's significant AI infrastructure build-out.