Bidding finally over! Dell brings $3.25bn bonds for buyout

Now that the fight over the buyout of US computer maker Dell is over, bond investors can finally get their teeth into the company's new capital structure and the announced new high yield bonds.

  • By Stefanie Linhardt
  • 17 Sep 2013

Dell wants to issue $2bn of first lien bonds with a seven year maturity and $1.25bn of second lien notes with an eight year tenor, in its first high yield bond offering since 1993, according to Dealogic. In the intervening years Dell was investment grade.

The bonds are part ...

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