Reuters: Slow Orders Stall Dell’s $10B Loans for EMC Purchase

According to Reuters, the commitment deadline on $10 billion of pro-rata loans that is part of a $45 billion financing package and will allow Dell to purchase EMC has been extended due to a slow order book.

Reuters, citing an unnamed source, said that the Chinese New Year delayed approval of requests from foreign banks and was the main cause of the extension of the original February 10 deadline.

Reuters also said that it is expected that the pro-rata syndication will not close until at least February 15.

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