Oracle Corporation (NYSE:ORCL) stock is down 6.9% as of 12:52 p.m. ET on Monday, Nov. 2, after the company said it has filed to raise $20 billion by selling a combo of new shares and bonds. The S&P 500 and the Nasdaq Composite are up 0.2% and 0.1%, respectively. Oracle will split the raise in two: $10 billion of new common stock and $10 billion of senior notes. Oracle says the cash is meant for capital spending as well as paying down other debts and "future investments or acquisitions."
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