Oracle completes Cerner acquisition for $95/share; borrows $15.7B bridge loan

ORACLE CORP

Acquisition closed June 8, 2022; Cerner becomes indirect wholly owned subsidiary of Oracle.
Offer price $95.00 per share in cash; ~66% of shares tendered in offer, then merger effected under DGCL Section 251(h).
Oracle borrowed $15.7 billion under a 364-day bridge facility to finance the acquisition and related fees.
Bridge loan interest at Term SOFR plus 100–137.5 bps or Base Rate plus 0–37.5 bps based on Oracle's credit rating.
Unvested Cerner equity awards assumed and converted to Oracle stock; vested awards cashed out at offer price.

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