Simpson Thacher represented Dell Technologies Inc. (the “Company”) in connection with its Rule 144A/Regulation S offerings of $2.25 billion aggregate principal amount of first lien notes, consisting of $1 billion of 5.85% first lien notes due 2025, $500 million of 6.1% first lien notes due 2027 and $750 million of 6.2% first lien notes due 2030, by two of the Company’s wholly owned subsidiaries as co-issuers.
The proceeds from the offerings were for general corporate purposes, including the repayment of debt.
Dell Technologies is a leading technology company that provides customers with innovative technology and services. The Company’s portfolio includes Dell, Dell EMC, RSA, Secureworks, Virtustream and VMware.
The Simpson Thacher team included Kenneth Wallach, Will Golden, Jessica Asrat, Della Fok, Evan Hunt, Jesse Schulman and Claire DiMario (Capital Markets); Jon Cantor and Sergio Torres (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Marcela Robledo and Corina McIntyre (Intellectual Property); Janet Nadile (Collateral); and Adeeb Fadil (Environmental).