Broadcom has signed financing agreements to fund the acquisition of Qualcomm for $121 billion.
ALSO READ: Latest news from Mobile World Congress 2018
A group of 12 financial institutions will provide up to $100 billion credit facilities, including $5 billion revolving credit facility and bridge financing.
Investment funds of Silver Lake, KKR and CVC will provide $6 billion of convertible note financing to the Singapore-based Broadcom to fund the world’s largest tech transaction and post-closing working capital needs, including restructuring activities.
Who’s supporting Broadcom with loan
# BofA Merrill Lynch
# Citigroup
# Deutsche Bank
# JP Morgan
# Mizuho
# MUFG
# SMBC
# Wells Fargo
# Scotiabank
# BMO Capital Markets
# RBC Capital Markets
# Morgan Stanley
Advisors
# Latham & Watkins
# Simpson Thacher & Bartlett
# Wachtell, Lipton
# Rosen & Katz
# Cahill Gordon & Reindel
Broadcom said it has sufficient committed financing to fully fund the $60 per share cash component of its $82 per share offer to acquire stake in Qualcomm. Broadcom is expecting to discuss the formal proposal with Qualcomm team on February 14.