secwatch.observer — SEC 8-K summary
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Issuer:     ORACLE CORP (ORCL)
CIK:        0001341439
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0001193125-22-169835
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341439/000119312522169835/0001193125-22-169835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341439/000119312522169835/d290344d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-169835

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