Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Dell Secures Financing for its $67 Billion Purchase of EMC Corp.

Dell Inc. has secured financing for up to $49.5 billion for creditors such as Credit Suisse, JP Morgan, Barclays and BofA Merrill Lynch to fund its purchase of EMC Corp.

Through a holding company; Denali Holding Inc, Dell obtained $4.25 from Michael Dell and partners. Some of the partners include investment firm MSD Partners and private equity firm Silver Lake, EMC announced in a filming on Tuesday.

Dell, a personal computer maker, reached a deal on Monday to buy EMC Corp for $67 billion.