Oracle Compute Contracts
The public compute contracts naming Oracle, with values, terms and sources.
Oracle is the seller in 2 contracts in the Offtake Tracker, with OpenAI and Meta; hyperscaler and chip-cloud commitments total $320B.
Lenders have financed $47.4B across 3 deals secured on contracts with Oracle (including press-reported loans), to Vantage Data Centers (Stargate) and Crusoe Abilene JV (Blue Owl, Primary Digital).
Profile
| Type | Hyperscaler |
| Listing | NYSE: ORCL |
| Website | oracle.com |
Debt at Aug 31, 2026
$125B of debt and $36.4B of cash at Aug 31, 2026, from the 10-Q filed Sep 11, 2026. Leases are not counted as debt.
| Facility | Principal | Rate | Maturity | Security | Rating |
|---|---|---|---|---|---|
| Fixed-rate senior notes (57 series)Senior notes | $123B | 1.65% to 6.90% | 2026 to 2066 | Unsecured | - |
| Floating-rate senior notesSenior notes | $1.0B | SOFR + 0.76% / + 1.11% | Aug 2028 / Feb 2029 | Unsecured | - |
| Term loan credit agreementTerm loan | $5.1B | SOFR + 1.35% | Aug 2027 | Unsecured | - |
| Commercial paperCommercial paper | $1.5B | 4.35% | Short-term | Unsecured | - |
| Revolving credit agreement ($10.0B)Revolver | Undrawn | SOFR + 0.875% to 1.50% | Mar 2031 | Unsecured | - |
Compute contracts (2)
| Date | Buyer | Seller | Type | Value | Term | Source |
|---|---|---|---|---|---|---|
| Sep 19, 2025 | Meta | Oracle | Cloud commitment | $20Breported | - | Bloomberg |
| Sep 10, 2025 | OpenAI | Oracle | Cloud commitment | $300Breported | 5 yrs | SiliconANGLE |
Loans secured on Oracle contracts
| Date | Borrower | Amount | Type | Lenders | Source |
|---|---|---|---|---|---|
| Nov 2025 | Vantage Data Centers (Stargate) | $38Breported | Construction loan | JPMorgan, MUFG +5 | DCD |
| May 22, 2025 | Crusoe Abilene JV (Blue Owl, Primary Digital) | $7.1B | Construction loan | JPMorgan | Bloomberg |
| Jan 2025 | Crusoe Abilene JV (Blue Owl, Primary Digital) | $2.3B | Construction loan | JPMorgan | Commercial Observer |
Discuss a transaction
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