Dell’s euro debt awaits commitments

Dell, the US computer maker, expects to receive final commitments to its $6.175bn-equivalent covenant-lite loans on Monday. The debt, which includes a chunky euro tranche, will back the company’s buy-out by founder and CEO Michael Dell and private equity firm Silver Lake Partners.

  • By Olivier Holmey
  • 23 Sep 2013
The euro tranche, a €500m term loan ‘E’, was added to the loans package only last week. It will be used to partially replace the scrapped $1.25bn eight year second lien secured notes. Additional loans may be issued to cover the rest of the cancelled debt, a banker ...

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,447.11 125 5.62%