Broadcom’s Committed Debt Financing of $100 Billion

Simpson Thacher represented Broadcom Limited (NASDAQ: AVGO) in connection with its securing $100 billion of committed debt financing to fund its proposed acquisition of Qualcomm Incorporated (NASDAQ: QCOM) and post-closing working capital needs, including restructuring activities, at the combined companies.

Broadcom Limited is a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions. Broadcom Limited’s extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. Applications for its products in these end markets include enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays.

The Simpson Thacher team includes Jen Hobbs (Picture), Catherine Burns and Nick Brown (Banking & Credit); and Ken Wallach, Hui Lin and Jessica Asrat (Capital Markets). Capital Markets Associates Dorothy Hector and Seth Lowinger, as well as specialists Nancy Mehlman and Jasmine Hay (Tax); Eric Wolf (ERISA); Adeeb Fadil (Environmental); Timothy Gallagher (Real Estate); and Alexander Moser (Intellectual Property), also provided valuable assistance.

 

Involved fees earner: Jennifer Hobbs – Simpson Thacher & Bartlett; Catherine Burns – Simpson Thacher & Bartlett; Kenneth Wallach – Simpson Thacher & Bartlett; Hui Lin – Simpson Thacher & Bartlett; Jessica Asrat – Simpson Thacher & Bartlett; Seth Lowinger – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Alexander Moser – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Broadcom Corporation;

 

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Author: Ambrogio Visconti