AI English summary of an SEC filing — figures as filed
Dell Technologies DELLDell Technologies said on September 22, 2025 it entered into an underwriting agreement with Dell International L.L.C. and EMC Corporation, pursuant to which the Issuers agreed to issue and sell Senior Notes due 2029, 2031, 2032 and 2036 to the Underwriters.
Key points
AI summaryDell Technologies said on September 22, 2025 it entered into an underwriting agreement with Dell International L.L.C. and EMC Corporation, pursuant to which the Issuers agreed to issue and sell Senior Notes due 2029, 2031, 2032 and 2036 to the Underwriters.
The company said the Issuers agreed to issue 4.150% Senior Notes due 2029 in an aggregate principal amount of $750,000,000, and 4.500% Senior Notes due 2031, 4.750% Senior Notes due 2032 and 5.100% Senior Notes due 2036 in aggregate principal amounts of $1,250,000,000 each.
Dell Technologies said the public offering prices are 99.961% of the aggregate principal amount for the 2029 Notes, 100.000% for the 2031 Notes, 99.717% for the 2032 Notes and 99.633% for the 2036 Notes. The Notes will be guaranteed on a joint and several unsecured basis by the Company, Denali Intermediate Inc. and Dell Inc.
The company said the closing of the offering is expected to occur on October 6, 2025, subject to customary closing conditions. It added the Issuers intend to use the net proceeds to redeem a portion of their 6.020% Senior Notes due 2026, and any remaining proceeds for general corporate purposes, which may include the repayment of other debt.
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.
Underwriting Agreement for Four Series of Senior Notes
Dell Technologies said on September 22, 2025 it entered into an underwriting agreement with Dell International L.L.C. and EMC Corporation, pursuant to which the Issuers agreed to issue and sell Senior Notes due 2029, 2031, 2032 and 2036 to the Underwriters.
Source · Based on the filing body and exhibits
Aggregate Principal Amounts and Interest Rates by Maturity
The company said the Issuers agreed to issue 4.150% Senior Notes due 2029 in an aggregate principal amount of $750,000,000, and 4.500% Senior Notes due 2031, 4.750% Senior Notes due 2032 and 5.100% Senior Notes due 2036 in aggregate principal amounts of $1,250,000,000 each.
Source · Based on the filing body and exhibits
Public Offering Prices and Guarantee Structure
Dell Technologies said the public offering prices are 99.961% of the aggregate principal amount for the 2029 Notes, 100.000% for the 2031 Notes, 99.717% for the 2032 Notes and 99.633% for the 2036 Notes. The Notes will be guaranteed on a joint and several unsecured basis by the Company, Denali Intermediate Inc. and Dell Inc.
Source · Based on the filing body and exhibits
Expected Closing Date and Use of Net Proceeds
The company said the closing of the offering is expected to occur on October 6, 2025, subject to customary closing conditions. It added the Issuers intend to use the net proceeds to redeem a portion of their 6.020% Senior Notes due 2026, and any remaining proceeds for general corporate purposes, which may include the repayment of other debt.
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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