Dell Technologies Inc. and its subsidiaries, Dell International L.L.C. and EMC Corporation, are issuing $3 billion in senior notes. The offering consists of $1 billion in 4.750% notes due 2031, $750 million in 5.000% notes due 2034, and $1.250 billion in 5.250% notes due 2037. The notes are guaranteed on a joint and several unsecured basis by Dell Technologies Inc., Denali Intermediate Inc., and Dell Inc. Net proceeds are intended for general corporate purposes, which may include the repayment of existing debt.