debt
confidence high
sentiment neutral
materiality 0.50
Dell issues $1.5B in two-tranche senior note offering to refinance 2025 notes
Dell Technologies Inc.
- Priced $700M of 4.350% Senior Notes due 2030 and $800M of 4.850% Senior Notes due 2035.
- Net proceeds to redeem outstanding 5.850% Senior Notes due 2025; remainder for general corporate purposes.
- Notes jointly and severally guaranteed by Dell Technologies Inc., Denali Intermediate, and Dell Inc.
- Underwriters led by Barclays, Citigroup, Goldman Sachs, J.P. Morgan, SG Americas, Wells Fargo; closing expected Oct 8, 2024.