Reuters: Technology News: Dell breaks down details of landmark $24.4 billion buyout

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Dell breaks down details of landmark $24.4 billion buyout Feb 6th 2013, 22:23 Tweet Share this Email Print Related News Dell investor sues to block founder's leveraged buyout 5:17pm EST Dell to go private in landmark $24.4 billion deal Tue, Feb 5 2013 Wall Street bounces back after sell-off; results a boost Tue, Feb 5 2013 Global stocks, oil rebound on economic data Tue, Feb 5 2013 CORRECTED-US STOCKS-Wall St climbs on results; Dow above 14,000 Tue, Feb 5 2013 Analysis & Opinion Liberty pushes envelope for post-crisis M&A debt Counterparties: Not all that bursts is a bubble Related Topics Investing and Taxes Simplified » Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » The fifteen richest tech titans in the world.  Slideshow  A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong Kong October October 21, 2009. Credit: Reuters/Bobby Yip SAN FRANCISCO | Wed Feb 6, 2013 5:23pm EST SAN FRANCISCO (Reuters) - Dell Inc unveiled more details of founder Michael Dell's proposed $24.4 billion buyout on Wednesday, confirming that the billionaire CEO will pony up $500 million of his own cash in return for a larger share of the company he created. The world's No. 3 personal computer maker broke down details of the debt financing secured for the buyout, including $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 the Silver Lake private equity firm and Microsoft Corp to try to turn around the struggling computer company without Wall Street scrutiny. (Reporting by Edwin Chan; Editing by Phil Berlowitz) Investing and Taxes Simplified Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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