Summary by Futu AI
Dell Technologies Inc. (Dell), through its subsidiaries Dell International L.L.C. and EMC Corporation, has announced the offering of two new series of senior notes. The notes, which have not been specified in terms of aggregate principal amount or interest rates, are due in 20XX. These senior notes will be guaranteed by Dell Technologies and potentially other guarantors. The offering is detailed in a preliminary prospectus supplement filed with the SEC, subject to completion and dated October 1, 2024. The net proceeds from the sale of the notes are intended to redeem Dell's outstanding 5.850% Senior Notes due 2025, with any remaining proceeds allocated for general corporate purposes. The notes will be offered and sold under an automatic shelf registration statement and will be available through underwriters, dealers, and agents or directly to purchasers. The offering's completion is subject to market conditions and other factors.