EMC's (EMC) Senior Unsecured Rating Placed on Review by Moody's Amid Dell Offer

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Go back to EMC's (EMC) Senior Unsecured Rating Placed on Review by Moody's Amid Dell Offer

Moody's Places Dell's Ratings Under Review Following Move to Acquire EMC (EMC)

October 12, 2015 10:25 AM EDT

Moody's Investors Service ("Moody's") has placed all ratings of Dell Inc. ("Dell") and Dell International (a debt issuing subsidiary of Dell Inc.), including the corporate family rating ("CFR") of Ba2, under review for upgrade following Dell's announcement that it signed a definitive agreement to acquire EMC Corporation for $24.05 per share in cash in addition to tracking stock linked to a portion of EMC's economic interest in the VMware, Inc. for a total transaction value of about $67 billion.

Dell plans to finance the cash portion of the transaction price through a combination of new common equity, new debt... More

S&P Affirms Corp. Credit Rating on Dell Amid Move to Acquire EMC (EMC)

October 12, 2015 9:41 AM EDT

Standard & Poor's Ratings Services today said it affirmed its 'BB+' corporate credit rating on Dell Inc. The outlook is stable.

At the same time, we placed our 'BBB' rating on the senior secured credit facilities of Dell International LLC, a wholly-owned subsidiary of Dell, on CreditWatch with negative implications. We also placed our 'BB+' rating on Dell's senior unsecured notes on CreditWatch with negative implications. Details of the financing terms, including the amount of total debt issuance, the amounts of secured compared to unsecured debt, and the amounts to be issued at each borrowing entity (with possible... More