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Dell Technologies Completes $1.5 Billion Senior Notes Offering

10.08.24

Simpson Thacher represented Dell Technologies Inc. (the “Company”) in connection with its registered public offering of $1.5 billion aggregate principal amount of Senior Notes, consisting of $700 million of 4.350% Senior Notes due 2030 and $800 million of 4.850% Senior Notes due 2035, by two of the Company’s wholly owned subsidiaries as co-issuers.

The proceeds from the offering will be used to redeem the co-issuers’ 5.850% Senior Notes due 2025 and any remaining proceeds will be used 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, SecureWorks and Virtustream.

The Simpson Thacher team included Hui Lin, Jessica Asrat, Melissa Lewis, Suzanne Kaufman and Louise Choi (Capital Markets); Michael Mann and Mohanad Salaimi (Tax); Tristan Brown and J. Pasco Struhs (Executive Compensation and Employee Benefits); Bobbie Burrows (Intellectual Property); Toby Chun and Noreen Lavan (Environmental); and Andrew Pagliughi (Blue Sky).