Fitch rates Diamond 1, 2 notes BB+

Fitch Ratings said it rated co-issuers Diamond 1 Finance Corp.’s and Diamond 2 Finance Corp.’s senior unsecured notes offering BB+ ahead of Dell Inc.'s acquisition of EMC Corp.

Following the acquisition, Diamond 1 will merge into Dell International LLC, a wholly owned subsidiary of Dell, and Diamond 2 will merge into EMC.

Dell International and EMC will be the respective surviving entities and co-issuers and will assume all of Diamond 1's and Diamond 2's obligations under the notes, related indentures and other financings incurred to facilitate the EMC acquisition, including $20 billion of senior secured notes issued on May 17.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.