Summary by Futu AI
On October 1, 2024, Dell Technologies Inc. entered into an underwriting agreement with a consortium of underwriters led by Barclays Capital Inc., Citigroup Global Markets Inc., and others, to issue and sell $700 million aggregate principal amount of 4.350% Senior Notes due 2030 and $800 million aggregate principal amount of 4.850% Senior Notes due 2035. The offering was registered with the SEC and is expected to close on October 8, 2024, subject to customary closing conditions. The notes were priced at 99.883% and 99.646% of the aggregate principal amounts for the 2030 and 2035 Notes, respectively. Dell Technologies intends to use the net proceeds to redeem their 5.850% Senior Notes due 2025 and for general corporate purposes, which may include debt repayment. The sale has been registered with the SEC and detailed in the base prospectus included in the Registration Statement, supplemented by a preliminary prospectus supplement and a final prospectus supplement dated October 1, 2024.