ORCL Removes 3.125% Bond Listing; NYSE Files Form 25

Rhea-AI Filing Summary

Oracle Corporation (NYSE: ORCL) filed a Form 25 with the U.S. Securities and Exchange Commission to remove its 3.125% Notes due 2025 from listing and registration on the New York Stock Exchange (NYSE) under Section 12(b) of the Exchange Act. The filing, dated 10 July 2025 and signed by NYSE representative Anthony Sozzi, certifies that the Exchange has satisfied all applicable rules for delisting. The company may also have met the voluntary withdrawal requirements under Rule 12d2-2(c); however, no additional financial or strategic rationale is provided within the document.

Positive

• None.

Negative

• Reduced exchange liquidity: Delisting the 3.125% 2025 notes may widen bid-ask spreads and lower price transparency for existing bondholders.

Insights

Fixed-Income Analyst

TL;DR: Oracle’s 3.125% 2025 notes are being delisted from NYSE; impact limited to trading liquidity, not credit fundamentals.

The Form 25 merely removes the debt security from exchange trading. Coupon, maturity, and repayment obligations remain unchanged, so fundamental credit risk is unaffected. Investors holding the notes will likely transition to OTC trading, which can reduce price transparency and bid-ask depth, raising liquidity premiums. Because no supporting reason is given—such as refinancing or early redemption—market effect should be modest and primarily felt by active bond traders rather than equity holders.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-35992

Issuer:	ORACLE CORP
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	500 Oracle Parkway
	Redwood City	CALIFORNIA	94065
Telephone number:					(650) 506-7000

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

3.125% Notes due 2025

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-07-10	By	Anthony Sozzi		Analyst, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did Oracle (ORCL) file Form 25 for its 3.125% Notes due 2025?

The filing formally removes the notes from NYSE listing and registration; no specific rationale is disclosed in the document.

When was the Form 25 for Oracle’s 2025 notes signed?

The document was signed on July 10, 2025 by NYSE analyst Anthony Sozzi.

Does the delisting affect the coupon or maturity of Oracle’s 3.125% 2025 notes?

No. The delisting only impacts exchange trading; coupon payments and the 2025 maturity remain unchanged.

Will the 3.125% 2025 notes continue to trade after NYSE delisting?

Yes, they can trade over-the-counter (OTC), though liquidity and transparency may be lower.

Is this Form 25 related to Oracle’s common stock listing?

No. The filing pertains solely to the 3.125% senior notes; Oracle’s common shares are unaffected.