Diamond 1 Finance Corporation/Diamond 2 Finance Corporation USD 8.10% 15 July 2036 senior secured bond
Diamond 1 Finance Corp/Diamond 2 Finance Corp is set up as a dual issuer and operates as a special purpose financing entity, ultimately controlled by Dell Technologies. Dell Technologies designs, develops, manufactures, markets and sells information technology products. In 2013, Dell announced a USD24.4bn leveraged buyout deal, that delisted its shares from the NASDAQ and Hong Kong Stock Exchange and took it private.
In October 2015, Dell announced its intent to acquire the enterprise software and storage company EMC Corporation. The transaction was closed in September 2016 and the combined entity is named Dell Technologies. Dell Technologies is one of the largest technology companies globally, with leadership positions across the PC, servers, storage and virtualization software markets. This entity not only includes EMC, but EMC's wholly and partially owned subsidiaries, such as VMWare and Pivotal Software. Dell Technologies has revenues of USD74bn, 140,000 employees and a presence in 180 countries.