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Dell Technologies Inc. - Tender Offer - Launch

Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities

04 DECEMBER 2023


Full announcement including disclaimers and offer restrictions available via Prnewswire (Source: Dell Technologies Inc.)


ROUND ROCK, Texas, Dec. 4, 2023 /PRNewswire/ -- Dell Technologies Inc. ("Dell Technologies") (NYSE:DELL) today announced that Dell Inc., its wholly-owned subsidiary ("Dell"), has commenced cash tender offers (collectively, the "Offers") for up to $500.0 million aggregate principal amount (the "Aggregate Tender Cap") of the debt securities listed in the table below (collectively, the "Securities") and subject to the Tender Sub-Caps (as defined herein). The Offers are subject to the Aggregate Tender Cap, the Tender Sub-Caps and proration procedures described in the Offer to Purchase dated December 4, 2023, as amended or supplemented (the "Offer to Purchase"), and order of priority (the "Acceptance Priority Levels" as set forth in the table below under "Acceptance Priority Level"), and are made to each registered holder of Securities (individually, a "Holder," and collectively, the "Holders").


The following table sets forth certain information regarding the Securities and the Offers:



(1)

 The Tender Sub-Caps represent the maximum aggregate principal amount of the applicable series of Securities that will be purchased. Dell reserves the right, but is under no obligation, to increase, decrease or eliminate any of the Tender Sub-Caps at any time, including on or after the Price Determination Date and without extending the Early Tender Deadline or the Withdrawal Deadline (each as defined herein), subject to applicable law.

(2)

 Subject to the Aggregate Tender Cap, the Tender Sub-Caps and proration, the principal amount of each series of Securities that is purchased in the Offers will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order with 1 being the highest Acceptance Priority Level and 7 being the lowest) specified in this column.

(3)

 The applicable page on Bloomberg from which the Dealer Managers (as defined herein) will quote the bid side prices of the applicable U.S. Treasury Security. In the above table, "UST" denotes a U.S. Treasury Security.

(4)

 Per $1,000 principal amount validly tendered at or prior to the Early Tender Deadline and accepted for purchase.




 



****PREVIOUS OFFER DETAILS BELOW****


 

Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities

29 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Prnewswire (Source: Dell Technologies Inc.)


"ROUND ROCK, Texas, June 29, 2023 /PRNewswire/ -- Dell Technologies Inc. ("Dell Technologies") (NYSE: DELL) today announced that, in connection with the previously announced cash tender offers (collectively, the "Offers") by Dell Inc., its wholly-owned subsidiary ("Dell"), for up to $1.0 billion aggregate principal amount (the "Aggregate Tender Cap") of the debt securities listed in the table below (collectively, the "Securities" and each referred to as a "series" of Securities) from each registered holder of Securities (individually, a "Holder," and collectively, the "Holders"), $2,089,943,000 in aggregate principal amount of the 6.020% Senior Notes due 2026 was validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on June 29, 2023 (the "Early Tender Deadline"), in the aggregate amounts as shown in the table below. The Offers and order of priority (the "Acceptance Priority Levels") set forth in the table below are as described in the Offer to Purchase dated June 15, 2023, as amended or supplemented (the "Offer to Purchase"). The determination of the Total Consideration (as defined in the Offer to Purchase) will occur at 10:00 a.m., New York City time, on June 30, 2023. The early settlement date is expected to occur on July 5, 2023.


Although the Offers are scheduled to expire at 5:00 p.m., New York City time, on July 17, 2023, because the aggregate principal amount of all Securities validly tendered and not validly withdrawn by the Early Tender Deadline exceeds the Aggregate Tender Cap, Dell does not expect to accept for purchase any tenders of Securities after the Early Tender Deadline. Any Securities tendered after the Early Tender Deadline will be promptly credited to the account of the Holder of such Securities maintained at The Depository Trust Company and otherwise returned in accordance with the Offer to Purchase.


The terms and conditions of the Offers are described in the Offer to Purchase and remain unchanged except as amended hereby.


The following table sets forth certain information regarding the Securities and the Offers:"



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Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities

15 JUNE 2023


Full announcement including disclaimers and offer restrictions available via SEC (Source: Dell Technologies Inc.)


"ROUND ROCK, TX, June 15, 2023 – Dell Technologies Inc. (“Dell Technologies”) (NYSE:DELL) today announced that Dell Inc., its wholly-owned subsidiary (“Dell”), has commenced cash tender offers (collectively, the “Offers”) for up to $1.0 billion aggregate principal amount (the “Aggregate Tender Cap”) of the debt securities listed in the table below (collectively, the “Securities”). The Offers are subject to the Aggregate Tender Cap and proration procedures described in the Offer to Purchase dated June 15, 2023, as amended or supplemented (the “Offer to Purchase”), and order of priority (the “Acceptance Priority Levels” as set forth in the table below under “Acceptance Priority Level”), and are made to each registered holder of Securities (individually, a “Holder,” and collectively, the “Holders”).


The following table sets forth certain information regarding the Securities and the Offers:"



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