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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2 Citi 6,449 21 10.96
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4 Barclays 4,040 11 6.87
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