Dell Technologies, through its entities Dell International L.L.C. and EMC Corporation, has announced the pricing of their Senior Notes offering on October 1, 2024. The offering consists of $700 million 4.350% Senior Notes due 2030 and $800 million 4.850% Senior Notes due 2035, totaling $1.5 billion. The notes were rated Baa2 by Moody's and BBB by S&P and Fitch. The trade date for the notes is set for October 1, 2024, with a settlement date of October 8, 2024. The offering is registered with the SEC, and in the event of a Change of Control Triggering Event, the issuers are required to offer to repurchase the notes at 101% of their principal amount plus accrued interest. The notes will be available in minimum denominations of $2,000 and increments of $1,000 thereafter. The joint...Show More

Dell Technologies, through its entities Dell International L.L.C. and EMC Corporation, has announced the pricing of their Senior Notes offering on October 1, 2024. The offering consists of $700 million 4.350% Senior Notes due 2030 and $800 million 4.850% Senior Notes due 2035, totaling $1.5 billion. The notes were rated Baa2 by Moody's and BBB by S&P and Fitch. The trade date for the notes is set for October 1, 2024, with a settlement date of October 8, 2024. The offering is registered with the SEC, and in the event of a Change of Control Triggering Event, the issuers are required to offer to repurchase the notes at 101% of their principal amount plus accrued interest. The notes will be available in minimum denominations of $2,000 and increments of $1,000 thereafter. The joint book-running managers for the offering include major financial institutions such as Barclays Capital Inc., Citigroup Global Markets Inc., and Goldman Sachs & Co. LLC, among others. The 2030 Notes have an issue price of 99.883% of the principal amount, a yield to maturity of 4.376%, and will pay interest semi-annually starting February 1, 2025. The 2035 Notes have an issue price of 99.646% of the principal amount, a yield to maturity of 4.895%, and will also pay interest semi-annually from February 1, 2025. Both sets of notes offer optional redemption terms before maturity. Investors interested in the offering can obtain more information from the prospectus and the preliminary prospectus supplement filed with the SEC.