Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize Securities of Dell Technologies Inc.1
Guaranteed Securities
The following securities (collectively, the “First Lien Notes”) issued by Dell International L.L.C., a Delaware limited liability company and wholly-owned subsidiary of Dell Technologies Inc. (“Dell Technologies”), and EMC Corporation, a Massachusetts corporation and wholly-owned subsidiary of Dell Technologies, were outstanding as of October 29, 2021.
| | |
| Description of First Lien Notes |
| 5.450% First Lien Notes due 2023 |
| 4.000% First Lien Notes due 2024 |
| 5.850% First Lien Notes due 2025 |
| 6.020% First Lien Notes due 2026 |
| 4.900% First Lien Notes due 2026 |
| 6.100% First Lien Notes due 2027 |
| 5.300% First Lien Notes due 2029 |
| 6.200% First Lien Notes due 2030 |
| 8.100% First Lien Notes due 2036 |
| 8.350% First Lien Notes due 2046 |
Obligors
As of October 29, 2021, the obligors under the First Lien Notes consisted of Dell Technologies, as a guarantor that provides an unsecured guarantee of the First Lien Notes, and its subsidiaries listed in the following table (together with Dell Technologies, the “Obligors”).
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| Name of Subsidiary | | Jurisdiction of
Incorporation or Organization | | Obligor Type |
| DCC Executive Security Inc. | | Delaware | | Guarantor |
| Dell America Latina Corp. | | Delaware | | Guarantor |
| Dell Colombia Inc. | | Delaware | | Guarantor |
| Dell DFS Corporation | | Delaware | | Guarantor |
| Dell DFS Group Holdings L.L.C. | | Delaware | | Guarantor |
| Dell Federal Systems Corporation | | Delaware | | Guarantor |
| Dell Federal Systems GP L.L.C. | | Delaware | | Guarantor |
| Dell Federal Systems LP L.L.C. | | Delaware | | Guarantor |
| Dell Financial Services L.L.C. | | Delaware | | Guarantor |
| Dell Global Holdings XV L.L.C. | | Delaware | | Guarantor |
| Dell Inc. | | Delaware | | Guarantor |
| Dell International L.L.C. | | Delaware | | Issuer |
| Dell Marketing Corporation | | Delaware | | Guarantor |
| Dell Marketing GP L.L.C. | | Delaware | | Guarantor |
| Dell Marketing LP L.L.C. | | Delaware | | Guarantor |
| Dell Product and Process Innovation Services Corp. | | Delaware | | Guarantor |
| Dell Products Corporation | | Delaware | | Guarantor |
| Dell Products GP L.L.C. | | Delaware | | Guarantor |
| Dell Products LP L.L.C. | | Delaware | | Guarantor |
| Dell Revolver Company L.P. | | Delaware | | Guarantor |
| Dell Revolver GP L.L.C. | | Delaware | | Guarantor |
1On November 1, 2021, the collateral securing the First Lien Notes, as well as the guarantees of the subsidiary guarantors were released. Dell Technologies Inc., Denali Intermediate Inc., Dell Inc., Dell International L.L.C. and EMC Corporation remain Obligors on a senior unsecured basis following such release.
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| Name of Subsidiary | | Jurisdiction of
Incorporation or Organization | | Obligor Type |
| Dell Technologies Capital, LLC | | Delaware | | Guarantor |
| Dell USA Corporation | | Delaware | | Guarantor |
| Dell USA GP L.L.C. | | Delaware | | Guarantor |
| Dell USA LP L.L.C. | | Delaware | | Guarantor |
| Dell World Trade Corporation | | Delaware | | Guarantor |
| Dell World Trade GP L.L.C. | | Delaware | | Guarantor |
| Dell World Trade LP L.L.C. | | Delaware | | Guarantor |
| Denali Intermediate Inc. | | Delaware | | Guarantor |
| EMC Corporation | | Massachusetts | | Issuer |
| EMC IP Holding Company LLC | | Delaware | | Guarantor |
| EMC Puerto Rico, Inc. | | Delaware | | Guarantor |
| Flanders Road Holdings LLC | | Delaware | | Guarantor |
| NBT Investment Partners LLC | | Delaware | | Guarantor |
| Newfound Investment Partners LLC | | Delaware | | Guarantor |
| ScaleIO LLC | | Delaware | | Guarantor |
| Wyse Technology L.L.C. | | Delaware | | Guarantor |
| Dell Revolver Funding L.L.C. | | Nevada | | Guarantor |
| Dell Computer Holdings L.P. | | Texas | | Guarantor |
| Dell Federal Systems L.P. | | Texas | | Guarantor |
| Dell Marketing L.P. | | Texas | | Guarantor |
| Dell Products L.P. | | Texas | | Guarantor |
| Dell USA L.P. | | Texas | | Guarantor |
| Dell World Trade L.P. | | Texas | | Guarantor |
Pledged Security Collateral
As of October 29, 2021, the obligations under the First Lien Notes were secured by pledges by the Obligors of the capital stock of the following affiliates of Dell Technologies.
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| Name of Obligor Pledgor | | Name of Affiliate whose Securities Collateralize Securities of Dell Technologies | | Number of Equity Interests | | Percentage of Interest Owned | | Percentage Pledged |
| Denali Intermediate Inc. | | Dell Inc. | | 10 shares | | 100% | | 100% |
| | EMC IP Holding Company LLC | | 1 membership interest | | 100% | | 100% |
| Dell Inc. | | EMC Corporation | | 10 shares | | 100% | | 100% |
| | Dell International L.L.C. | | 1 membership interest | | 100% | | 100% |
| | Dell Australia Pty. Limited | | 16,667 Ordinary shares, 650 Redeemable | | 33.334% | | 65% |
| | Dell Computer de Chile Ltda. | | 1 share (330.000 Chilean pesos subscribed (total social capital 330.000.000 Chilean pesos)) | | 0.1% | | 65% |
| | Dell Computer Services de Mexico, S.A. de C.V. | | 16,447 variable capital shares, 1 fixed capital share | | 0.009% 0.001% | | 65% |
| | Dell El Salvador Ltda. | | 1 share (200 US dollars subscribed (total social capital 20.000 US dollars)) | | 1% | | 65% |
| | DFS B.V. | | 18,000 Ordinary Shares | | 100% | | 65% |
| | Dell Panama S. de R.L. | | 5 quotas = 500 Balboas (total social capital 500 quotas= 50,000 balboas) | | 1% | | 65% |
| | Dell Perú S.A.C. | | 31,183 ordinary share | | 0.11% | | 65% |
| | Dell Latinoamerica, S.de R.L. | | 10 shares | | 1% | | 65% |
| | Dell Hong Kong Limited | | 1 share | | 1% | | 65% |
| | Dell Technologies Capital, LLC | | 1 membership interest | | 100% | | 100% |
| | EMC Computer Systems Mexico, S.A. de CD | | 1 Class I, Series B ordinary (Fixed) Shares | | 0.002% | | 65% |
| Dell International L.L.C. | | Dell Products Corporation | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell World Trade Corporation | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell Colombia Inc. | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell America Latina Corp. | | 1,000 common shares | | 100% | | 100% |
| | Dell Federal Systems Corporation | | 1,000 ordinary shares | | 100% | | 100% |
| | DCC Executive Security Inc. | | 100 common stock | | 100% | | 100% |
| | Dell Marketing Corporation | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell USA Corporation | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell DFS Corporation | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell Computer Holdings L.P. | | 99 partnership capital shares | | 99% | | 100% |
| | Dell Global Holdings XV L.L.C. | | Unit Certificate Number 3 - 62.64 | | 62.1% | | 100% |
| | Dell International Inc. (Korea) | | 7,520 Ordinary shares, 1,880 Redeemable Preference, 12,000 Redeemable Preference | | 35% 8.78% 56.07% | | 65% |
| | Dell International Services India Private Limited | | 36,200,126 | | 31.55% | | 65% |
| | Dell Australia Pty. Limited | | 33,333 Ordinary shares, 1,300 Redeemable | | 66.666% | | 65% |
| | Dell Latinoamerica, S de R.L. | | 990 | | 99% | | 65% |
| | Dell International Services Philippines, Inc. | | 9,995 ordinary shares, 7,879,043 redeemable preference | | .07942899% 76.922% | | 65% |
| | Dell Hong Kong Limited | | 99 ordinary shares | | 100% | | 65% |
| | Dell New Zealand Limited | | 100 ordinary shares | | 100% | | 65% |
| | Dell Gesellschaft m.b.H | | 1 ordinary share | | 100% | | 65% |
| | Dell Computer SA | | 9,999 ordinary shares | | 99.99% | | 65% |
| | Dell Perú S.A.C. | | 28,316,717 shares | | 99.9% | | 65% |
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| Name of Obligor Pledgor | | Name of Affiliate whose Securities Collateralize Securities of Dell Technologies | | Number of Equity Interests | | Percentage of Interest Owned | | Percentage Pledged |
| | Dell Puerto Rico Corp. | | 100 ordinary shares | | 100% | | 65% |
| | Dell Computer de Chile Ltda. | | 1 capital share | | 99.9% | | 65% |
| | Dell El Salvador Ltda. | | 1 share | | 99% | | 65% |
| | Dell Guatemala Ltda. | | 1 ordinary share | | 100% | | 65% |
| | Dell Panama S. de R.L. | | 495 ordinary shares | | 99% | | 65% |
| | Dell Mexico, S.A. de C.V. | | 12,503,000 Clase II – Series B. 9,996 Class I – Series B | | 99.89% 0.079% | | 65% |
| | Dell Canada Inc. | | 100 ordinary shares | | 100% | | 65% |
| | Dell Computer Services de Mexico S.A. de C.V. | | 49,999 ordinary fixed, 174,796,934 ordinary variable | | 0.28% 99.86% | | 65% |
| | Dell Computer spol. S.r.o. | | 20,000 shares | | 1.3698% | | 65% |
| | Dell s.r.o. | | 996 shares | | 0.01395% | | 65% |
| Dell DFS Corporation | | Dell DFS Group Holdings L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| | Dell Funding L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| | Dell Financial Services L.L.C. | | 51 membership interest shares | | 51% | | 100% |
| | Dell Computer Holdings L.P. | | 1 membership interest share | | 1% | | 100% |
| | Dell Revolver Funding L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| Dell DFS Group Holdings L.L.C. | | Dell DFS Holdings Kft. | | 1 ordinary share | | 100% | | 65% |
| Dell Federal Systems Corporation | | Dell Federal Systems GP L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| | Dell Federal systems LP L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| Dell Federal Systems GP L.L.C. | | Dell Federal Systems L.P. | | 1 partnership capital share | | 1% | | 100% |
| Dell Federal Systems LP L.L.C. | | Dell Federal Systems L.P. | | 99 partnership capital shares | | 99% | | 100% |
| Dell Global Holdings XV L.L.C. | | Dell International Holdings Kft | | 1 Ordinary Share | | 84.9% | | 65% |
| | Dell International Holdings Limited | | 10,100 Ordinary Shares | | 100% | | 65% |
| | EMC Egypt Service Center Limited | | 7 Ordinary Shares | | 86.5% | | 65% |
| | EMC Group 2 | | 51 Common Shares | | 90% | | 65% |
| | Dell Technologies Egypt Limited (f/k/a EMC Information System Egypt Limited LTD) | | 7 Ordinary Shares | | 86.5% | | 65% |
| | Dell Corporation (Thailand) Co., Ltd. | | 15,998 ordinary shares | | 99.98% | | 65% |
| Dell Marketing Corporation | | Dell Marketing GP L.L.C. | | 1,000 ordinary shares | | 100% | | 100% |
| | Dell Marketing LP L.L.C. | | 1,000 ordinary shares (LLC, BP shows no shares) | | 100% | | 100% |
| | Dell International Services India Private Limited | | 4,693,095 ordinary shares | | 4.09% | | 65% |
| | Dell Computer Services de Mexico, S.A. de C.V. | | 50,000 ordinary fixed shares,
212,689 ordinary variable shares | | 0.02% 0.12% | | 65% |
| Dell Marketing GP L.L.C. | | Dell Marketing L.P. | | 1 partnership capital share | | 1% | | 100% |
| Dell Marketing L.P. | | Dell Costa Rica S.A. | | 100 ordinary shares | | 100% | | 65% |
| | Dell International Services India Private Limited | | 26,179 ordinary shares | | 0.02% | | 65% |
| | Dell Mexico, S.A. de C.V. | | 2 shares | | 0.000016% | | 65% |
| | Dell Product and Process Innovation Services Corp. | | 1,000 common shares | | 100% | | 100% |
| | Wyse Technology L.L.C. | | N/A | | 100% | | 100% |
| | Dell Marketing L.P. | | 99 partnership capital shares | | 99% | | 100% |
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| Name of Obligor Pledgor | | Name of Affiliate whose Securities Collateralize Securities of Dell Technologies | | Number of Equity Interests | | Percentage of Interest Owned | | Percentage Pledged |
| Dell Marketing LP L.L.C. | | Dell Products GP L.L.C. | | 100 membership interests | | 100% | | 100% |
| Dell Products Corporation | | Dell Products LP L.L.C. | | 100 membership interests | | 100% | | 100% |
| | Dell Products L.P. | | 1 partnership capital share | | 1% | | 100% |
| Dell Products GP L.L.C. | | Dell Mexico S.A. de C.V. | | 1 share | | 0.000008% | | 65% |
| Dell Products L.P. | | Dell Products L.P. | | 99 partnership capital shares | | 99% | | 100% |
| Dell Products LP L.L.C. | | Dell Revolving Transferor L.L.C. | | 100 shares | | 100% | | 100% |
| Dell Revolver Company L.P. | | Dell Revolver Company L.P. | | 99.99 partnership capital shares | | 99.99% | | 100% |
| Dell Revolver Funding L.L.C. | | Dell Revolver GP L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| | Dell Revolver Company L.P. | | .01 partnership capital shares BP shows .1% | | 0.01% | | 100% |
| Dell Revolver GP L.L.C. | | Dell USA GP L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| Dell USA Corporation | | Dell USA LP L.L.C. | | 100 ordinary shares | | 100% | | 100% |
| | Dell USA L.P. | | 1 partnership capital share | | 1% | | 100% |
| Dell USA GP L.L.C. | | Dell USA L.P. | | 99 partnership capital shares | | 99% | | 100% |
| Dell USA LP L.L.C. | | Dell Mexico S.A. de C.V. | | 1 Class B share | | 0.000008% | | 65% |
| Dell USA L.P. | | Dell World Trade LP L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| Dell World Trade Corporation | | Dell World Trade GP L.L.C. | | 100 membership interest shares | | 100% | | 100% |
| | Dell World Trade L.P. | | 1 partnership capital share | | 1% | | 100% |
| Dell World Trade GP L.L.C. | | Dell Guatemala Ltda. | | 1 ordinary share | | 1% | | 65% |
| Dell World Trade L.P. | | Dell World Trade L.P. | | 99 partnership capital shares | | 99% | | 100% |
| Wyse Technology L.L.C. | | Dell Global Holdings XV L.L.C. | | Unit Certificate Number 4 - 37.36 and Unit Certificate Number 5 - 0.83 | | 37.9% | | 100% |
| | Dell International Services India Private Limited | | 1,552,961 | | 1.35% | | 65% |
| EMC Corporation | | EMC Corporation of Canada | | 7 shares | | 56.08% | | 65% |
| | EMC Chile S.A. | | 896,833 | | 99.766% | | 65% |
| | EMC International Company | | 170,420,074 Ordinary shares, 91,832,193 ‘A’ Ordinary shares | | 4% | | 65% |
| | EMC Puerto Rico, Inc. | | 1,000 shares | | 100% | | 100% |
| | EMC Software and Services India Private Limited | | 1 membership interest | | 100% | | 65% |
| | Flanders Road Holdings LLC | | 1 membership interest | | 100% | | 100% |
| | NBT Investment Partners LLC | | 1 membership interest | | 100% | | 100% |
| | Newfound Investment Partners LLC | | 1 membership interest | | 100% | | 100% |
| | ScaleIO LLC | | 1 membership interest | | 100% | | 100% |
| | EMC Computer Systems Mexico, S.A. de C.V. | | 49,999 Class I, Series B ordinary (Fixed) Shares, 1 Class II, Series B ordinary (Variable) shares | | 99% | | 65% |
| | EMC Computer Systems Mexico S.A. de CV | | 2,999,999 shares | | 99.99% | | 65% |
| | EMC St. Petersburg Development Centre | | 140,000 rubles as capital | | 100% | | 65% |
| | EMC Technology India Private Limited | | 42,750 | | 99.99% | | 65% |
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| Name of Obligor Pledgor | | Name of Affiliate whose Securities Collateralize Securities of Dell Technologies | | Number of Equity Interests | | Percentage of Interest Owned | | Percentage Pledged |
| | EMC Israel Development Center, Ltd. | | 1,000 | | 99.8% | | 65% |
| | ScaleIO, Ltd. (f/k/a Scale I.O. Ltd.) | | 1,000 shares | | 100% | | 65% |
