Broadcom plans to repay credit facility with note offering proceeds

By Marisa Wong

Morgantown, W.Va., Jan. 11 – Broadcom Ltd. said it intends to repay outstanding debt under its credit facility using proceeds from an offering of senior notes.

The proposed Rule 144A/Regulation S notes will be issued through Broadcom’s subsidiaries, Broadcom Corp. and Broadcom Cayman Finance Ltd.

Broadcom is an Irvine, Calif., maker of chips for broadcasting.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.