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Broadcom inks US$6.5bn bridge loan for Brocade acquisition

Connectivity BusinessbyConnectivity Business
November 9, 2016
in Financing
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US semiconductor developer Broadcom has reportedly secured a US$6.5bn debt financing deal with six banks to pay for its acquisition of network equipment maker Brocade Communications Systems. Broadcom has inked the 364-day unsecured bridge loan with Bank of America Merrill Lynch, Deutsche Bank, Barclays, Bank of Montreal, Citigroup and Credit Suisse. US semiconductor developer Broadcom (FRA:BRX) has reportedly secured a US$6.5bn debt financing deal with six […]

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