Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, Citigroup Global Markets Inc., PNC Capital Markets LLC, and Scotia Capital (USA) Inc., in connection with the public offering by Broadcom Inc. of $3 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-3 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 Daniel N. Webb, Karen Reyes, Laura Yang and Corinna Kwok (Capital Markets); Michael E. Mann and Jiha Min (Tax); Paige Brinton (IP); Pasco Struhs (ECEB); Jeanne Annarumma and Alexander Kharash (ERISA); Jennie Getsin (Blue Sky); and Tim Mulvihill (Environmental).