Fitch Rates Dell's $1.5B Senior Unsecured Note Offering 'A' (DELL)

Fitch Ratings has assigned an 'A' rating to Dell's DELL $1.5 billion offering of senior unsecured notes. The notes are expected to rank pari passu with all existing debt of the company. Net proceeds from the offering are expected to be used for general corporate purposes, including repurchase of Dell's common stock, investments, additions to working capital, capital expenditures, advancements to or investments in Dell's subsidiaries and acquisitions of companies and assets. The Rating Outlook is Stable.