Simpson Thacher Advises Broadcom on Committed Debt Financing of $100 Billion
02.12.18
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The Firm 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, 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.