Dell intends to issue $ 3.25 billion of bonds, vowing to win EMC! -Dell, EMC, bond-IT information
June 9, Beijing time, according to the online edition of the Wall Street Journal reported that people familiar with the matter said, as for the acquisition of data storage company EMC deal an important step, Dell plans to release on Wednesday a $ 3.25 billion of junk bonds (junk-rated bond).
Dell has released in the last month $ 20 billion worth of investment-grade guarantee bond, and has received US $ 5 billion loan last week. In EMC deal financing for acquisitions, Dell has made considerable progress. However, Dell on Wednesday bond still has received much attention, in part because of higher interest rates after the bond market late last year, low credit ratings rebound in demand for bonds.
And issuance of other bonds and loans, as Dell's unsecured bonds have attracted the interest of investors. Investors have expressed concerns about the long-term prospects of Dell computer hardware business. However, investors are satisfied with the interest rate provided for Dell about Dell using the free cash flow relatively rapidly to reduce carrying high levels of debt.
Dell's unsecured notes to be issued by the investment banks such as JP Morgan responsible for, divided into 5-year and 8-year bonds, interest rate is about 6.25% and 7.5%. The bond credit rating of BB, above the standard junk bond rating. Barclays Bank's data show that BB rated bonds with an average interest rate of 5.27%.
EMC is a leading data storage company in the industry, hands of important software products. With consumer spending shifting from PC to mobile devices, business spending from the data center to the cloud service, Dell hopes to use to buy EMC for business restructuring, reduced dependence on traditional hardware products. Dell in 2013, privatization, partly because of shareholder pressure and hopefully in better planning for the future.
United States Securities and Exchange Commission (SEC) documents show that EMC will be held on July 19 to convene a special general meeting of shareholders, vote on Dell's offer.
戴尔拟发行32.5亿美元债券，誓要拿下EMC！ - 戴尔,EMC,债券 - IT资讯
北京时间6月9日消息，据《华尔街日报》网络版报道，知情人士称，作为为收购数据存储公司EMC交易融资的重要一步，戴尔计划在周三发行价值32.5亿美元的垃圾级债券(junk-rated bond)。
戴尔已经在上月发行了价值200亿美元的投资级担保债券，并在上周获得了50亿美元机构贷款。在为收购EMC交易筹资方面，戴尔已经取得了很大进展。不过，戴尔周三的债券发行依旧得到了广泛关注，部分原因是在去年年底高利率债券市场萎缩后，低信用评级债券需求出现反弹。
和此前发行的其它债券和贷款一样，戴尔的无担保债券吸引了投资者的浓厚兴趣。投资者已经表达了对于戴尔电脑硬件业务长期前景的担忧。不过，投资者对于戴尔提供的债券利率感到满意，看好戴尔能够使用自由现金流相对迅速地削减背负的高额债务。
戴尔的无担保债券将由摩根大通等投行负责发行，分为5年期债券和8年期债券，利率约为6.25%、7.5%。这些债券的信用评级为BB，高于标准垃圾级债券的评级。巴克莱银行的数据显示，BB级债券的平均利率为5.27%。
EMC是一家在业内占据领先地位的数据存储公司，手中握有重要软件产品。随着消费者支出从PC转向移动设备，企业支出从数据中心转向云服务，戴尔希望借助收购EMC实现业务转型，降低对传统硬件产品的依赖。戴尔在2013年实现私有化，部分原因是希望在不受到股东压力的情况下更好地规划未来。
美国证券交易委员会(SEC)的文件显示，EMC将于7月19日举行特别股东大会，对戴尔的收购提议进行投票表决。