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IT

Dell raises USD 20 bln for EMC takeover

Wednesday 18 May 2016 | 08:47 CET | News
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Dell's subsidiary Denali Holding has raised USD 20 billion in debt issues to help finance its takeover of EMC. The issues include USD 3.75 billion in 3.48 percent notes due 2019, USD 4.5 billion of 4.42 percent notes due 2021, USD 3.75 billion of 5.45 percent notes due 2023, USD 4.5 billion of 6.02 percent notes due 2026, USD 1.5 billion of 8.1 percent notes due 2036 and USD 2.0 billion of 8.35 percent notes due 2046. The offering is expected to close on or around 01 June. 

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Categories: IT
Companies: Dell EMC / EMC
Countries: World
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