Australia markets closed
  • ALL ORDS

    7,441.50
    -48.60 (-0.65%)
     
  • AUD/USD

    0.7136
    -0.0051 (-0.71%)
     
  • ASX 200

    7,139.50
    -36.30 (-0.51%)
     
  • OIL

    84.83
    -0.31 (-0.36%)
     
  • GOLD

    1,839.00
    +7.20 (+0.39%)
     
  • BTC-AUD

    47,058.84
    -3,476.22 (-6.88%)
     
  • CMC Crypto 200

    766.02
    +523.34 (+215.65%)
     

Dell Technologies Announces Offering of Senior Notes

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • DELL
  • TAGG

ROUND ROCK, Texas, Dec. 6, 2021 /PRNewswire/ -- Dell Technologies Inc. (NYSE: DELL) (the "Company" or "Dell Technologies") announces the commencement of a private offering of Senior Notes (the "Notes") to be issued by two of its wholly-owned subsidiaries, Dell International L.L.C. and EMC Corporation, as co-issuers (the "co-issuers"). The Notes will be guaranteed on a joint and several basis by Dell Technologies, Denali Intermediate Inc. and Dell Inc.

The net proceeds from the offering of the Notes are intended to be used to fund the repurchase of certain existing notes of its subsidiaries pursuant to certain tender offers being conducted by Dell Inc., a wholly-owned subsidiary of the Company. Any remaining proceeds not used to repurchase such existing notes in such tender offers will be used for general corporate purposes, including the repayment of debt.

The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), in the United States only to persons reasonably believed to be "qualified institutional buyers," as that term is defined in Rule 144A under the Securities Act, or outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Dell Technologies
Dell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.

Copyright © 2021 Dell Inc. or its subsidiaries. All Rights Reserved. Dell Technologies, Dell, EMC and Dell EMC are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners.

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/dell-technologies-announces-offering-of-senior-notes-301437911.html

SOURCE Dell Technologies

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting