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Dell Technologies Inc. 8-K Report, Corporate Update (Sep 23, 2025)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed September 23, 2025
Period End
September 22, 2025
Security
DELL
In the record · 2016–202610-K1010-Q328-K174

DELL filed 10 annual reports (10-K), 32 quarterly reports (10-Q) and 174 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’17Oct ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Material agreement8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed September 23, 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 filed on September 22, 2025.

The company plans to issue and sell a total of $4.5 billiona in senior notes across four different tranches, with maturities ranging from 2029 to 2036 and varying interest rates. This move is primarily intended to refinance existing debt, specifically a portion of their 6.020% Senior Notes due 2026. Any remaining proceeds will be allocated to general corporate purposes, which could include further debt repayment.

This offering represents a strategic financial maneuver by Dell to optimize its capital structure and potentially lower its overall borrowing costs. Investors should monitor the impact of this new debt on the company's leverage ratios and interest expense. The successful closing of this offering, expected on October 6, 2025, subject to customary conditions, will provide Dell with significant liquidity and a revised debt maturity profile.

02—Key points

Key Highlights

  1. Dell Technologies Inc. is issuing $4.5 billion in senior notes across four tranches with varying interest rates and maturities (2029, 2031, 2032, 2036).
  2. The offering includes $750 million of 4.150% Senior Notes due 2029.
  3. The offering includes $1.25 billion of 4.500% Senior Notes due 2031.
  4. The offering includes $1.25 billion of 4.750% Senior Notes due 2032.
  5. The offering includes $1.25 billion of 5.100% Senior Notes due 2036.
  6. Net proceeds will be used to redeem a portion of outstanding 6.020% Senior Notes due 2026 and for general corporate purposes, potentially including other debt repayment.
  7. The offering is expected to close on October 6, 2025, subject to customary closing conditions.

03—Questions

Frequently Asked Questions

  1. What is the total amount Dell Technologies Inc. is raising through this offering?

    Dell Technologies Inc. is raising a total of $4.5 billion through the issuance of senior notes.

  2. How will the proceeds from the senior notes offering be used?

    The net proceeds are intended to be used to redeem a portion of Dell's outstanding 6.020% Senior Notes due 2026. Any remaining funds will be used for general corporate purposes, which may include the repayment of other debt.

  3. When is the expected closing date for this offering?

    The closing of the offering of these Notes is expected to occur on October 6, 2025, subject to customary closing conditions.

  4. What are the different tranches and interest rates of the senior notes being issued?

    Dell is issuing four tranches of senior notes: $750 million of 4.150% Senior Notes due 2029, $1.25 billion of 4.500% Senior Notes due 2031, $1.25 billion of 4.750% Senior Notes due 2032, and $1.25 billion of 5.100% Senior Notes due 2036.

04—Continue

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