Dell Technologies has entered into a new $6 billion senior unsecured revolving credit facility, according to a company filing.
The agreement, dated June 10, 2026, is with JPMorgan Chase Bank, which is serving as administrative agent. The facility will mature on June 10, 2031. Dell International L.L.C. and EMC Corporation are the borrowers under the agreement, which also includes a letter-of-credit sub-facility of up to $500 million.
Under the terms of the agreement, the borrowers may request additional commitments in increments of at least $10 million. Dell and its subsidiaries intend to use proceeds from the facility for general corporate purposes.
Interest rates on borrowings will be based on an applicable margin plus either the Secured Overnight Financing Rate or a base rate. The margins will vary according to the company’s credit ratings. The base rate is determined by the highest of the prime rate, the applicable Federal Reserve Bank rate, or SOFR plus 1%.
The agreement permits voluntary repayment of borrowings without premiums or penalties, except for customary breakage costs.
In conjunction with the new facility, Dell International and EMC terminated their previous credit agreement, which had been established on November 1, 2021. Following the repayment of all outstanding obligations, the prior agreement and related guarantees were terminated, eliminating any future obligations under that facility.
