Dell Technologies announced it has entered into an underwriting agreement to issue and sell an aggregate of $3.0 billion in senior notes across three tranches. The company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of existing debt.

Key Details

  • Offering Breakdown: The offering consists of three series of notes:
    • $1.0 billion of 4.750% Senior Notes due 2031
    • $750 million of 5.000% Senior Notes due 2034
    • $1.25 billion of 5.250% Senior Notes due 2037
  • Terms & Timeline: The underwriting agreement was signed on June 11, 2026, and the offering is expected to close on June 16, 2026, subject to customary closing conditions.
  • Issuers & Guarantors: The notes will be co-issued by Dell International L.L.C. and EMC Corporation and will be guaranteed by Dell Technologies Inc., Denali Intermediate Inc., and Dell Inc.