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Dell Benefits From Hot U.S. Leveraged Loan Market

wochit business
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September 27, 2013 AT 9:31 AM
Dell is the latest company to benefit from the red-hot U.S. leveraged loan market as strong investor demand allowed the computer giant to cut funding costs on the $10.6 billion financing package backing its $25 billion buyout. Although the multibillion loan and bond financing was essentially a difficult turnaround story as CEO Michael Dell and private equity firm Silver Lake Partners took the firm private, the books were strong for the loans and bonds.