Simpson Thacher represented the underwriters, led by BofA Securities, Inc., BNP Paribas Securities Corp. and HSBC Securities (USA) Inc., in connection with the public offering by Broadcom Inc. (NASDAQ: AVGO) of $5 billion aggregate principal amount of Senior Notes over three tranches.
Broadcom plans to use the net proceeds of the Notes offering to prepay a portion of the term A-2 loans under its existing term loan credit agreement and for general corporate purposes.
Broadcom is a global technology leader that designs, develops and supplies a broad range of semiconductor, enterprise software and security solutions.
The Simpson Thacher team included Risë Norman, Daniel Webb, Karen Reyes, Christian Sheets and Jeongsoo (Ron) Kim (Capital Markets); Jon Cantor, Edward Grais and Jiha Min (Tax); Paige Brinton (IP); Pasco Struhs (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Jennie Getsin (Blue Sky); and Tim Mulvihill (Environmental). Summer associate Diana Gazaryan provided invaluable assistance.