debt
confidence high
sentiment neutral
materiality 0.30
Dell raises 2051/2041 note tender sub-cap to $350M; accepts $500M aggregate principal
Dell Technologies Inc.
- Increased combined tender sub-cap for 3.450% 2051 and 3.375% 2041 notes from $300M to $350M.
- Early tenders of $548.5M of 2051 notes and $262.1M of 2046 notes exceeded $500M aggregate cap.
- Will purchase $350M of 2051 notes at $730.63 per $1,000 and $150M of 2046 notes at $1,315.25 per $1,000.
- No acceptance expected for tenders of 2041, 2036, 2026, 2025, or 2024 notes due to oversubscription.
- Early settlement expected December 20, 2023; offer scheduled to expire January 3, 2024.