Dell Technologies launches $5 billion senior notes offering
DELL•Senior notes offering across four maturities
Dell Technologies launched a $5 billion offering of Senior Notes across four maturities, due 2029 to 2037.
- Pricing was set at 5.1% for $1.25 billion due 2029, 5.4% for $1.25 billion due 2031, and 5.6% for $1.5 billion due 2033.
- The longest tranche was priced at 5.9% on $1 billion in Senior Notes due 2037.
- Proceeds are earmarked to repay 4.9% First Lien Notes due 2026, with remaining funds for general corporate purposes, including debt repayment.
- Closing is expected Sept. 15, 2026, subject to customary conditions.
