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Get filing alertsDell raises $3B through senior notes offering with maturities through 2037
Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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high
Dell issued $3 billion in senior notes across three tranches: $1B at 4.75% due 2031, $750M at 5.00% due 2034, and $1.25B at 5.25% due 2037, all guaranteed by Dell Technologies and certain subsidiaries.
Item 8.01 — Other Events verify on EDGAR → -
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Proceeds will fund general corporate purposes, potentially including debt repayment, giving Dell flexibility to refinance existing obligations or reduce interest costs.
Item 8.01 — Other Events verify on EDGAR → -
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Notes priced at modest discounts to par (99.3% to 99.6% of face value), reflecting typical market conditions for investment-grade corporate debt.
Item 8.01 — Other Events verify on EDGAR →
Summary
Dell Technologies completed a $3 billion debt offering, issuing senior notes with staggered maturities extending to 2037. The three tranches carry interest rates between 4.75% and 5.25%, with longer-dated debt commanding higher yields. All notes are unsecured but benefit from guarantees by Dell Technologies Inc. and select subsidiaries.
For retail investors, this represents a routine capital markets transaction that extends Dell's debt maturity profile and provides financial flexibility. The company hasn't specified exact uses beyond "general corporate purposes," though debt repayment is mentioned as a possibility. If Dell uses proceeds to retire higher-cost debt, it could modestly improve interest coverage ratios.
Watch Dell's next quarterly filing for details on how proceeds were deployed and whether the company's overall debt load or weighted average cost of debt changed materially. The interest rates secured here also provide a benchmark for Dell's current borrowing costs in today's rate environment.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Issuers intend to use the net proceeds from the offering of Notes for general corporate purposes, which may include the repayment of debt.
The company plans to use the approximately $3 billion in net proceeds for general corporate purposes, with potential application toward debt repayment. This provides Dell with financial flexibility and may improve its debt maturity profile or reduce interest expense if used to retire higher-cost debt.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The 2031 Notes will be sold at a public offering price of 99.563% of the aggregate principal amount thereof, the 2034 Notes will be sold at a public offering price of 99.404% of the aggregate principal amount thereof and the 2037 Notes will be sold at a public offering price of 99.259% of the aggregate principal amount thereof.
All three note tranches are being sold at discounts to par value, ranging from 0.437% to 0.741% below face value. These modest discounts are typical for new debt issuances and reflect current market conditions and investor demand for Dell's credit.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 17, 2026 · How we verify