Dell Technologies Inc. Form 8-K Filing

On June 16, 2026, Dell Technologies Inc. announced the completion of a public offering of senior notes. Two wholly-owned subsidiaries, Dell International L.L.C. and EMC Corporation, issued three series of notes: $1,000,000,000 of 4.750% Senior Notes due 2031, $750,000,000 of 5.000% Senior Notes due 2034, and $1,250,000,000 of 5.250% Senior Notes due 2037. These notes are senior unsecured obligations, guaranteed jointly and severally by Dell Technologies Inc., Denali Intermediate Inc., and Dell Inc. The offering was made under a shelf registration statement. The notes accrue interest semi-annually, with varying payment dates and maturity dates. The company may redeem the notes prior to maturity at a "make-whole" premium or at par value on or after specified dates. In the event of a change of control triggering event, holders may require the company to repurchase the notes at 101% of the principal amount. The indenture includes covenants that limit the creation of liens on certain assets, asset dispositions, and sale and leaseback transactions, and contains customary events of default.