Dell Technologies said it entered into an underwriting agreement on October 1, 2024 with the underwriters, under which the issuers agreed to sell 4.350% Senior Notes due 2030 in the amount of $700,000,000 and 4.850% Senior Notes due 2035 in the amount of $800,000,000.

1. 01

   Dell Technologies said it entered into an underwriting agreement on October 1, 2024 with the underwriters, under which the issuers agreed to sell 4.350% Senior Notes due 2030 in the amount of $700,000,000 and 4.850% Senior Notes due 2035 in the amount of $800,000,000.

2. 02

   The company said the 2030 Notes will be sold at a public offering price of 99.883% of their principal amount, and the 2035 Notes at 99.646% of their principal amount.

3. 03

   The company said it plans to use the net proceeds from the offering to redeem 5.850% Senior Notes due 2025, and to use any remaining proceeds for general corporate purposes, which may include repaying other debt.

4. 04

   The company said the notes will be guaranteed on a joint and several unsecured basis by Dell Technologies, Denali Intermediate, Inc. and Dell Inc., and that the closing of the offering is expected on October 8, 2024, subject to customary closing conditions.

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Original filing

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