What is the total amount of debt Dell is issuing?

Dell Technologies Inc. is issuing a total of $4,000,000,000 (four billion dollars) in aggregate principal amount of senior notes across four different maturities.

What are the stated uses of the proceeds from this debt offering?

The net proceeds from the offering are intended for general corporate purposes, which may include the repayment of debt. This indicates Dell's strategy to manage its balance sheet and potentially refinance existing obligations.

When is the expected closing date for this debt offering?

The closing of the offering of these senior notes is expected to occur on April 1, 2025, subject to customary closing conditions.

What are the interest rates and maturity dates for the new notes?

The notes have the following interest rates and maturity dates: $1 billion of 4.750% Senior Notes due 2028, $1 billion of 5.000% Senior Notes due 2030, $1 billion of 5.300% Senior Notes due 2032, and $1 billion of 5.500% Senior Notes due 2035.

DELL 8-K SEC Disclosure

01—Abstract

Summary

Summary of the 8-K filed March 27, 2025. Cited figures are marked; the original filing is the authoritative source.

Dell Technologies Inc. (DELL) has announced a significant debt offering through an Underwriting Agreement dated March 26, 2025.

The company, along with its subsidiaries Dell International L.L.C. and EMC Corporation, will issue and sell a total of $4 billion^a in aggregate principal amount of senior notes across four tranches: $1 billion in 4.750% Senior Notes due 2028, $1 billion in 5.000% Senior Notes due 2030, $1 billion in 5.300% Senior Notes due 2032, and $1 billion in 5.500% Senior Notes due 2035. The net proceeds from this offering are intended for general corporate purposes, which may include the repayment of existing debt.

This move suggests a proactive approach by Dell to manage its capital structure and potentially refinance existing liabilities with new debt at specified interest rates. The offering is backed by guarantees from Dell Technologies Inc., Denali Intermediate Inc., and Dell Inc. and is expected to close on April 1, 2025.

02—Key points

Key Highlights

Dell Technologies Inc. is issuing $4 billion in senior notes across four maturity tranches (2028, 2030, 2032, 2035).
The notes carry interest rates ranging from 4.750% to 5.500%.
Proceeds will be used for general corporate purposes, including potential debt repayment.
The offering is a public debt issuance registered with the SEC on Form S-3ASR.
The notes are guaranteed by Dell Technologies Inc., Denali Intermediate Inc., and Dell Inc.
The closing of the offering is scheduled for April 1, 2025.
The issuance involves major underwriters including BofA Securities, Citigroup, Goldman Sachs, HSBC, J.P. Morgan, and Wells Fargo Securities.

03—Questions

Frequently Asked Questions

What is the total amount of debt Dell is issuing?
Dell Technologies Inc. is issuing a total of $4,000,000,000 (four billion dollars) in aggregate principal amount of senior notes across four different maturities.
What are the stated uses of the proceeds from this debt offering?
The net proceeds from the offering are intended for general corporate purposes, which may include the repayment of debt. This indicates Dell's strategy to manage its balance sheet and potentially refinance existing obligations.
When is the expected closing date for this debt offering?
The closing of the offering of these senior notes is expected to occur on April 1, 2025, subject to customary closing conditions.
What are the interest rates and maturity dates for the new notes?
The notes have the following interest rates and maturity dates: $1 billion of 4.750% Senior Notes due 2028, $1 billion of 5.000% Senior Notes due 2030, $1 billion of 5.300% Senior Notes due 2032, and $1 billion of 5.500% Senior Notes due 2035.

04—Continue

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