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DELL 424B2: Secondary offering

Filed with the SEC on · accession 0001193125-26-389295

DELL filed a 424B2 (prospectus (offering)) with the SEC on Sep 11, 2026. The final terms of an offering of shares or bonds. The stock moved +12.0% by the first close after the filing.

Summary of the filing

Dell International L.L.C. and EMC Corporation, as co-issuers, are offering $5.0 billion aggregate principal amount of senior notes across four tranches (2029, 2031, 2033, and 2037 maturities) to repay existing 4.900% First Lien Notes due 2026 and for general corporate purposes.

For details, click here →How to read a 424B2 →

Key details

Total offering amount$5.0B
2029 Notes principal$1.3B
2031 Notes principal$1.3B
2033 Notes principal$1.5B
2037 Notes principal$1.0B
Net proceeds to issuers (before expenses)$5.0B
IssuerDell International L.L.C.
Co-issuerEMC Corporation
GuarantorDell Technologies Inc.
GuarantorDenali Intermediate Inc.
GuarantorDell Inc.

How DELL stock reacted

Close before

$506.62

Sep 10, 2026

First close after

+11.98%

$567.29

5 trading days

+16.14%

$588.40

Since filing

-35.15%

$328.53

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Frequently asked questions

What did DELL file with the SEC on Sep 11, 2026?

DELL filed a 424B2 (Secondary offering). Dell International L.L.C. and EMC Corporation, as co-issuers, are offering $5.0 billion aggregate principal amount of senior notes across four tranches (2029, 2031, 2033, and 2037 maturities) to repay existing 4.900% First Lien Notes due 2026 and for general corporate purposes.

What does a secondary offering mean for DELL stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B2?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did DELL stock react to this filing?

DELL closed at $506.62 before the filing and $567.29 on Sep 11, 2026 (+11.98%). Five trading days later: $588.40 (+16.14%).

Other DELL SEC filings

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