Simpson Thacher represented the initial purchasers, led by BofA Securities, Inc., HSBC Securities (USA) Inc. and RBC Capital Markets, LLC, in connection with the Rule 144A/Regulation S offering by Broadcom Inc. (NASDAQ: AVGO) of $1.95 billion aggregate principal amount of Senior Notes over two tranches.
Broadcom plans to use the net proceeds of the Notes offering, together with cash on hand, to redeem all of its outstanding 4.7% Senior Notes due 2025 and 4.25% Senior Notes due 2026, and to pay fees and expenses in connection therewith.
Broadcom 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, Ben Massey and Jonathan Schwartz (Capital Markets); Jon Cantor and Edward Grais (Tax); Melanie Jolson (IP); Pasco Struhs (ECEB); Jeanne Annarumma (ERISA); Jennie Getsin (Blue Sky); and Tim Mulvihill (Environmental).