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Form 8-K · Current Report · Filed 2024-03-06

Dell Technologies Announces Issuance of Senior Notes

On March 4, 2024, Dell Technologies Inc. entered into an underwriting agreement for the issuance of $1,000,000,000 aggregate principal amount of 5.400% Senior Notes due 2034. The notes, to be sold at a public offering price of 99.802% of the aggregate principal amount, will be guaranteed by the Company, Denali Intermediate, Inc., and Dell Inc. The proceeds from the offering will be used to redeem a portion of the company's 6.020% Senior Notes due 2026. The closing of the offering is expected on March 18, 2024, subject to customary closing conditions.

Filer
Dell Technologies Inc. DELL · NYSE
Filed
Accession
0001193125-24-059631
CIK
0001571996
Signal
Medium impactTechnology

Items reported

Item 8.01

Other Events

Share Repurchase Program Announced
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$117.75

Next session

+2.3%

Since filing

+244.3%

Latest close

$405.37

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from DELL reporting the same item, with the next session's move:

Exhibits (1)

About Dell Technologies Inc.

Dell Technologies Inc. is a multinational technology company that designs, develops, manufactures, and supports a wide range of computer-related products and services. Its primary function is to provide infrastructure solutions, personal computing devices, and IT software tailored for both consumer and enterprise markets. Dell is renowned for its innovation in developing high-performance laptops, desktops, and a comprehensive range of computer peripherals. Moreover, it plays a vital role in industries such as healthcare, finance, education, and government by offering cloud solutions and enterprise software that enhance operational efficiency. Dell Technologies' influence in the technology sector is significant, owing to its commitment to sustainability and transforming how businesses operate through digital innovation. Founded by Michael Dell in 1984 and headquartered in Round Rock, Texas, Dell Technologies has evolved into a key player in the global PC market while expanding its reach in digital transformation services."}

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