Dell Technologies Completes $2.25 Billion Senior Notes Offering
12.13.21
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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 Senior Notes, consisting of $1 billion of 3.375% Senior Notes due 2041 and $1.25 billion of 3.45% Senior Notes due 2051, by two of the Company’s wholly owned subsidiaries as co-issuers.
The proceeds from the offerings were to fund the repurchase of certain existing notes pursuant to a concurrent tender offer and any remaining proceeds will be used 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 and Virtustream.
The Simpson Thacher team included Hui Lin and Carlie Marks (Capital Markets); Michael Mann (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Bobbie Burrows and Samuel Watters (Intellectual Property); and Adeeb Fadil (Environmental).