AI English summary of an SEC filing — figures as filed
Dell Technologies DELLDell said on October 6, 2025 that its wholly owned subsidiaries Dell International L.L.C. and EMC Corporation completed a public offering of senior notes. The notes mature in 2029 at $750,000,000 (4.150%), in 2031 at $1,250,000,000 (4.500%), in 2032 at $1,250,000,000 (4.750%) and in 2036 at $1,250,000,000 (5.100%).
Key points
AI summaryDell said on October 6, 2025 that its wholly owned subsidiaries Dell International L.L.C. and EMC Corporation completed a public offering of senior notes. The notes mature in 2029 at $750,000,000 (4.150%), in 2031 at $1,250,000,000 (4.500%), in 2032 at $1,250,000,000 (4.750%) and in 2036 at $1,250,000,000 (5.100%).
The company said interest on the 2029, 2031 and 2036 notes is payable semi-annually in arrears on February 15 and August 15, starting on February 15, 2026. Interest on the 2032 notes is payable on April 6 and October 6, starting on April 6, 2026. The notes mature on February 15, 2029, February 15, 2031, October 6, 2032 and February 15, 2036.
The company said the notes are senior unsecured obligations of the issuers and are guaranteed on a joint and several basis by the company and its wholly owned subsidiaries, Denali Intermediate Inc. and Dell Inc. It also said the notes and guarantees are structurally subordinated to the existing and future debt and other liabilities of existing and future subsidiaries that do not guarantee the notes, other than the issuers.
The company said the issuers may redeem the notes before January 15, 2029, January 15, 2031, August 6, 2032 and November 15, 2035 at a make-whole premium, and on or after those dates at 100% of principal, in each case plus unpaid interest. If a change of control triggering event occurs, holders may require the issuers to buy their notes for cash at 101% of principal, plus unpaid interest.
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 completes offering of 4 series of senior notes
Dell said on October 6, 2025 that its wholly owned subsidiaries Dell International L.L.C. and EMC Corporation completed a public offering of senior notes. The notes mature in 2029 at $750,000,000 (4.150%), in 2031 at $1,250,000,000 (4.500%), in 2032 at $1,250,000,000 (4.750%) and in 2036 at $1,250,000,000 (5.100%).
Source · Based on the filing body and exhibits
Interest payment schedule and maturities
The company said interest on the 2029, 2031 and 2036 notes is payable semi-annually in arrears on February 15 and August 15, starting on February 15, 2026. Interest on the 2032 notes is payable on April 6 and October 6, starting on April 6, 2026. The notes mature on February 15, 2029, February 15, 2031, October 6, 2032 and February 15, 2036.
Source · Based on the filing body and exhibits
Guarantee structure and note ranking
The company said the notes are senior unsecured obligations of the issuers and are guaranteed on a joint and several basis by the company and its wholly owned subsidiaries, Denali Intermediate Inc. and Dell Inc. It also said the notes and guarantees are structurally subordinated to the existing and future debt and other liabilities of existing and future subsidiaries that do not guarantee the notes, other than the issuers.
Source · Based on the filing body and exhibits
Redemption terms and change of control put
The company said the issuers may redeem the notes before January 15, 2029, January 15, 2031, August 6, 2032 and November 15, 2035 at a make-whole premium, and on or after those dates at 100% of principal, in each case plus unpaid interest. If a change of control triggering event occurs, holders may require the issuers to buy their notes for cash at 101% of principal, plus unpaid interest.
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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