Dell Technologies Completes $4.5 Billion Senior Notes Offering
Simpson Thacher represented Dell Technologies Inc. (the “Company”) in connection with its registered public offering of $4.5 billion aggregate principal amount of Senior Notes, consisting of $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, by two of the Company’s wholly owned subsidiaries as co-issuers. The proceeds from the offering will be used to redeem a portion of the Company’s outstanding 6.020% First Lien Notes due 2026 and any remaining proceeds for general corporate purposes, which may include the repayment of other debt.
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The Company’s portfolio includes Dell, Dell EMC and Virtustream.
The Simpson Thacher team included Hui Lin, Jessica Asrat, Tina Tang, Julie De Keukeleire and Marlena Choupo (Capital Markets); Michael Mann (Tax); Tristan Brown and J. Pasco Struhs (Executive Compensation and Employee Benefits); Paige Brinton (Intellectual Property); and Andrew Pagliughi (Blue Sky).