Oracle (NYSE: ORCL) shares declined sharply on November 2 after the cloud infrastructure company filed plans to raise $20 bn in additional financing to support its artificial intelligence expansion.

The company intends to issue $10 bn in common stock alongside $10 bn in senior unsecured notes. The proceeds may fund capital expenditure, debt repayments, acquisitions and other corporate requirements.

• Oracle plans to raise $20 bn through stock and bond offerings, including $10 bn in common shares and $10 bn in senior notes. Shares fell nearly 5% on November 2 as investors assessed dilution and rising financing costs.
• Oracle’s debt reached $125.34 bn as of August 31, while its five-year credit default swap spread…