Dell Technologies Inc. (DELL): debt financing — Dell subsidiaries issue $1B of 5.400% Senior Notes due 2034

Dell Technologies Inc.

$1,000,000,000 aggregate principal of 5.400% senior unsecured notes due April 15, 2034.
Interest payable semi-annually on April 15 and October 15, starting October 15, 2024.
Notes are guaranteed on a joint and several basis by Dell Technologies, Denali Intermediate, and Dell Inc.
Make-whole redemption available before January 15, 2034; 101% change-of-control put to holders.
Covenants limit liens, mergers, and sale-leasebacks; customary investment-grade events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dell Technologies Inc. incurred senior notes of $1,000,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.400% per year maturing April 15, 2034.

Instrument: senior notes
Principal: $1,000,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.400% per year
Maturity: April 15, 2034
Event: incurrence

Exact text from the filing

completed a public offering (the “Offering”) of $1,000,000,000 aggregate principal amount of the Issuers’ 5.400% Senior Notes due 2034

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Dell Technologies Inc. entered into Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $1,000,000,000 (effective 2024-03-18).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $1,000,000,000
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of $1,000,000,000 aggregate principal amount of the Issuers’ 5.400% Senior Notes due 2034 (the “Notes”).

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299 debt financings filed in the last 30 days. Browse all debt financings →

Dell Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-070193

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