DELL · Dell Technologies Inc.

Dell Technologies Inc., through its subsidiaries Dell International L.L.C. and EMC Corporation as co-issuers, entered into an underwriting agreement on June 11, 2026, to issue $3.0 billion of senior notes in three tranches: $1.0 billion of 4.750% notes due 2031, $750 million of 5.000% notes due 2034, and $1.25 billion of 5.250% notes due 2037. The notes are guaranteed on a joint and several unsecured basis by Dell Technologies Inc., Denali Intermediate Inc., and Dell Inc. The offering is registered under a shelf registration statement (File No. 333-296691). Proceeds are intended for general corporate purposes, which may include debt repayment. The transaction is expected to close on June 16, 2026, subject to customary closing conditions. This debt issuance allows Dell to access capital markets at moderate interest rates, refinance existing obligations, and support strategic initiatives.