On October 8, 2024, Dell Technologies Inc. announced the completion of a public offering by its wholly-owned subsidiaries, Dell International L.L.C. and EMC Corporation. The offering included $700 million of 4.350% Senior Notes due 2030 and $800 million of 4.850% Senior Notes due 2035. These notes are senior unsecured obligations, ranking equally with other senior indebtedness and senior to subordinated indebtedness. The notes are guaranteed by Dell Technologies and its subsidiaries, Denali Intermediate Inc. and Dell Inc. Interest on the notes will be paid semi-annually, with the first payment commencing on February 1, 2025. The 2030 Notes will mature on February 1, 2030, and the 2035 Notes on February 1, 2035. The company has the option to redeem the notes before maturity at a make-whole premium or at par after a...Show More

On October 8, 2024, Dell Technologies Inc. announced the completion of a public offering by its wholly-owned subsidiaries, Dell International L.L.C. and EMC Corporation. The offering included $700 million of 4.350% Senior Notes due 2030 and $800 million of 4.850% Senior Notes due 2035. These notes are senior unsecured obligations, ranking equally with other senior indebtedness and senior to subordinated indebtedness. The notes are guaranteed by Dell Technologies and its subsidiaries, Denali Intermediate Inc. and Dell Inc. Interest on the notes will be paid semi-annually, with the first payment commencing on February 1, 2025. The 2030 Notes will mature on February 1, 2030, and the 2035 Notes on February 1, 2035. The company has the option to redeem the notes before maturity at a make-whole premium or at par after a specified date. In the event of a change of control, note holders may require the issuers to repurchase their notes at 101% of the principal amount. The offering was made under a shelf registration statement and the notes were issued pursuant to an indenture agreement with The Bank of New York Mellon Trust Company, N.A. as trustee. The indenture includes covenants limiting certain actions by the issuers, such as securing debt with liens, merging or selling assets, and entering sale and leaseback transactions.