Michael Dell, Silver Lake to put USD 2.15 bn toward buyout

Michael Dell and affiliates of the firm that manages his wealth will collectively put USD 750 million toward the USD 24.4 billion buyout of computer maker Dell Inc , the company disclosed in a regulatory filing on Wednesday.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » World News

Feb 07, 2013, 01.02 PM | Source: Reuters

Michael Dell, Silver Lake to put USD 2.15 bn toward buyout

Michael Dell and affiliates of the firm that manages his wealth will collectively put USD 750 million toward the USD 24.4 billion buyout of computer maker Dell Inc , the company disclosed in a regulatory filing on Wednesday.

Like this story, share it with millions of investors on M3

Michael Dell, Silver Lake to put USD 2.15 bn toward buyout

Michael Dell and affiliates of the firm that manages his wealth will collectively put USD 750 million toward the USD 24.4 billion buyout of computer maker Dell Inc , the company disclosed in a regulatory filing on Wednesday.

Post Your Comments

Share Cancel

Michael Dell, Silver Lake to put USD 2.15 bn toward buyout
Michael Dell and affiliates of the firm that manages his wealth will collectively put USD 750 million toward the USD 24.4 billion buyout of computer maker Dell Inc, the company disclosed in a regulatory filing on Wednesday.

Michael Dell, founder of the company, will contribute USD 500 million cash and MSDC Management, an affiliate of his MSD Capital, will contribute USD 250 million, Dell Inc said.

Dell investor sues to block founder's leveraged buyout

Silver Lake, a private equity firm partnering with Michael Dell on the deal, is putting up USD 1.4 billion.

Dell, the world's No. 3 personal computer maker, also broke down details of the debt financing secured for the buyout, including USD 4 billion in senior secured term loans from Bank of America, Barclays, Credit Suisse and RBC .

On Tuesday, the company announced that Michael Dell had struck a deal to take the company private in the biggest leveraged buyout since the financial crisis, partnering with Silver Lake and Microsoft Corp to try to turn around the struggling company without Wall Street scrutiny.

The filing also disclosed that under certain circumstances if the merger can not be completed, Michael Dell and Silver Lake could have to pay a termination fee of up to USD 750 million to Dell Inc.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Michael Dell, Silver Lake to put USD 2.15 bn toward buyout

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login