Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the Rule 144A / Regulation S offering by Broadcom Inc. (NASDAQ: AVGO) of $4.5 billion aggregate principal amount of senior notes over two tranches.
The Firm also represented J.P. Morgan as dealer manager for Broadcom Inc.’s concurrent cash tender offers to purchase the 3% senior notes due 2022, issued by Broadcom Corporation, 3.125% senior notes due 2021, issued by Broadcom Inc. and 2.2% senior notes due 2021, issued by Broadcom Corporation for up to $3.75 billion.
Broadcom Inc. plans to use the net proceeds of the notes offering to repay certain of its existing indebtedness, including funding the purchase of notes under the tender offers and to repay certain amounts outstanding under its credit agreements.
Broadcom Inc. is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions.
The Simpson Thacher team included Risë Norman, Eva Kang, Elise Quinones and Nicholas Halliburton (Capital Markets); Jon Cantor (Tax); Genevieve Dorment and Corina McIntyre (IP); Eric Wolf (ECEB); Jeanne Annarumma (ERISA); Jennie Getsin (Blue Sky); and Tim Mulvihill (Environmental).