Simpson Thacher represented Dell Inc. (the “Company”), a wholly-owned subsidiary of Dell Technologies Inc. (“Dell Technologies”), in connection with its cash tender offers to purchase up to $500 million maximum aggregate principal amount (the “Total Cap”) of the 3.450% Senior Notes due 2051, 3.375% Senior Notes due 2041, 8.350% Senior Notes due 2046, 8.100% Senior Notes due 2036, 6.020% Senior Notes due 2026, 5.850% Senior Notes due 2025 and 4.000% Senior Notes due 2024, each co-issued by two of the Company’s wholly-owned subsidiaries, subject to certain tender caps. The expiration date for the cash tender offers was January 3, 2024. However, because the aggregate principal amount of all the notes validly tendered prior to the early tender deadline of December 15, 2023 exceeded the Total Cap, no purchases of any tendered notes pursuant to the cash tender offers were made after the early settlement date on December 20, 2023.
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 and Sydney Mark (Capital Markets); and Michael Mann (Tax).