AI English summary of an SEC filing — figures as filed
Dell Technologies DELLDell Technologies said its two wholly owned subsidiaries, Dell International L.L.C. and EMC Corporation, completed a public offering of senior notes on April 1, 2025, with maturities in 2028, 2030, 2032 and 2035, each series totaling $1,000,000,000.
Key points
AI summaryDell Technologies said its two wholly owned subsidiaries, Dell International L.L.C. and EMC Corporation, completed a public offering of senior notes on April 1, 2025, with maturities in 2028, 2030, 2032 and 2035, each series totaling $1,000,000,000.
The company said the Notes carry coupons of 4.750% for the 2028 notes, 5.000% for the 2030 notes, 5.300% for the 2032 notes and 5.500% for the 2035 notes. Interest is paid semi-annually in arrears from October 1, 2025, and the notes mature in 2028, 2030, 2032 and April 1, 2035, respectively. The coupon frequency is 2 times a year.
The company said the notes are senior unsecured obligations of the issuers, guaranteed on a joint and several basis by Dell Technologies and its wholly owned subsidiaries Denali Intermediate Inc. and Dell Inc. It also said the notes are structurally subordinated to the debt and other liabilities of subsidiaries that do not guarantee the notes.
The company said the issuers may redeem the notes of each series at a make-whole premium before 1 to 3 months prior to maturity, and at 100% of principal thereafter. The company said that if a change of control triggering event occurs, holders may require the issuers to buy back their notes at 101% of principal.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Dell Issues 4 Series of Senior Notes Totaling $1,000,000,000
Dell Technologies said its two wholly owned subsidiaries, Dell International L.L.C. and EMC Corporation, completed a public offering of senior notes on April 1, 2025, with maturities in 2028, 2030, 2032 and 2035, each series totaling $1,000,000,000.
Source · Based on the filing body and exhibits
Coupon Rates and Maturity Dates by Series
The company said the Notes carry coupons of 4.750% for the 2028 notes, 5.000% for the 2030 notes, 5.300% for the 2032 notes and 5.500% for the 2035 notes. Interest is paid semi-annually in arrears from October 1, 2025, and the notes mature in 2028, 2030, 2032 and April 1, 2035, respectively. The coupon frequency is 2 times a year.
Source · Based on the filing body and exhibits
Unsecured Notes and Guarantee Structure
The company said the notes are senior unsecured obligations of the issuers, guaranteed on a joint and several basis by Dell Technologies and its wholly owned subsidiaries Denali Intermediate Inc. and Dell Inc. It also said the notes are structurally subordinated to the debt and other liabilities of subsidiaries that do not guarantee the notes.
Source · Based on the filing body and exhibits
Early Redemption and Change of Control Purchase Terms
The company said the issuers may redeem the notes of each series at a make-whole premium before 1 to 3 months prior to maturity, and at 100% of principal thereafter. The company said that if a change of control triggering event occurs, holders may require the issuers to buy back their notes at 101% of principal.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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