Icahn Nails Down $5.2B To Cover Dell Buyback Plan

Law360, New York (July 1, 2013, 5:16 PM EDT) -- Billionaire investor Carl Icahn told Dell Inc. investors on Monday that he had lined up the $5.2 billion in loans he needs for his leveraged recapitalization plan and asked a special committee formed by the computer company’s board for a meeting to discuss the deal.

In an open letter to Dell’s stockholders, Icahn said a $1.6 billion chunk of the financing will come from Jefferies Finance LLC, which had been preparing paperwork and commitment letters to file Monday evening. Icahn has offered to lend another $2...
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