---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-169835"
form_type: "8-K"
ticker: "ORCL"
cik: "0001341439"
company_name: "ORACLE CORP"
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:27:44.079647+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-169835
- form_type: 8-K
- ticker: ORCL
- cik: 0001341439
- company_name: ORACLE CORP
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341439/000119312522169835/0001193125-22-169835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341439/000119312522169835/d290344d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-169835
- JSON: https://secwatch.observer/filing/0001193125-22-169835.json
- Plain text: https://secwatch.observer/filing/0001193125-22-169835.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.