Simpson Thacher represented Dell Technologies Inc. (the “Company”) in connection with its registered public offering of $2 billion aggregate principal amount of Senior Notes, consisting of $1 billion of 5.25% Senior Notes due 2028 and $1 billion of 5.75% Senior Notes due 2033, by two of the Company’s wholly owned subsidiaries as co-issuers.
The proceeds from the offering will be used to fund the repayment of the co-issuers’ 5.45% Senior Notes due 2023 and any remaining proceeds will be used for general corporate purposes, including 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, SecureWorks and Virtustream.
The Simpson Thacher team included Hui Lin, Jessica Asrat, Sam Zhu and Eunice Chang (Capital Markets); Michael Mann (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Bobbie Burrows (Intellectual Property); Toby Chun and Noreen Lavan (Environmental); and Andrew Pagliughi (Blue Sky).