Oracle(US:ORCL) Globenewswire·2026-02-06 00:25Core Viewpoint - A class action has been filed against Oracle Corporation for allegedly misleading investors regarding its AI infrastructure funding needs and the associated debt requirements [1][2]. Group 1: Allegations and Financial Details - Oracle announced a $300 billion, five-year cloud computing contract with OpenAI on September 10, 2025, to supply computing power [2]. - Following this announcement, Oracle issued $18 billion in Senior Notes on September 25, 2025, to fund its AI infrastructure expansion [2]. - The complaint claims that Oracle did not disclose the need for additional significant debt to support the Oracle-OpenAI agreement [2]. - Reports emerged on November 13, 2025, indicating that Oracle was seeking to raise an additional $38 billion in debt, which would include $23 billion and $15 billion term loans from various banks [3]. - The proceeds from this additional debt would fund two data centers in Wisconsin and Texas, necessary for the Oracle-OpenAI agreement [3]. Group 2: Market Reaction - Following the news of the additional debt requirement, Oracle's Senior Notes began trading with yields and spreads similar to lower-rated issuers, indicating increased perceived credit risk among investors [3].