Dell completes $5.0 billion senior notes offering due 2029 to 2037
Dell subsidiaries Dell International L.L.C. and EMC Corporation completed a public offering of $5.0 billion in senior notes in four tranches, maturing from 2029 to 2037. The notes are unsecured and guaranteed by Dell Technologies Inc. and two of its wholly-owned subsidiaries, so the parent company's guarantee adds new direct obligations for shareholders to track.
Key points
- Four tranches: $1.25 billion at 5.100% due 2029, $1.25 billion at 5.400% due 2031, $1.5 billion at 5.600% due 2033, and $1.0 billion at 5.900% due 2037.
- Interest accrues from September 15, 2026, paid semi-annually, with the first payments due March 15, 2027 (2029, 2031, 2033 notes) and April 1, 2027 (2037 notes).
- Notes are sold under a shelf registration statement on Form S-3ASR and governed by a base indenture dated January 24, 2023, with The Bank of New York Mellon Trust Company, N.A. as trustee.
- Holders may require repurchase at 101% of principal upon a change of control triggering event.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.