The spinoff, first proposed in a filing last July, will help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC. Dell hopes doing so will help it achieve an investment grade rating and simplify its capital structure.
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Wednesday, April 14, 2021
Dell spins off VMware stake, generating up to $9.7 billion to pay down debt
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