DELL Agrees to Issue $5 Billion in Senior Notes Across Four Tranches Due 2029-2037
· The NYC Memo
Dell Technologies Inc., Dell International L.L.C., and EMC Corporation entered an underwriting agreement on September 9, 2026, to issue $5 billion in senior notes. The offering includes 5.100% Notes due 2029, 5.400% Notes due 2031, 5.600% Notes due 2033, and 5.900% Notes due 2037, expected to close on September 15, 2026.
Net proceeds are intended for repayment of outstanding 4.900% First Lien Notes due 2026 and general corporate purposes.