Dell breaks down details of landmark $24.4 billion buyout

A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong KongSAN FRANCISCO (Reuters) – Dell Inc unveiled more details of founder Michael Dell's proposed $ 24.4 billion buyout on Wednesday, confirming that the billionaire CEO will pony up $ 500 million of his own cash in return for a larger share of the company he created. The world's No. 3 personal computer maker broke down details of the debt financing secured for the buyout, including $ 4 billion in senior secured term loans from Bank of America, Barclays, Credit Suisse and RBC. …

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