Brocade repays, cancels credit facility at close of Broadcom merger

By Marisa Wong

Morgantown, W.Va., Nov. 17 – Brocade Communications Systems, Inc. repaid all obligations outstanding under its credit agreement dated May 27, 2016 and terminated the facility on Nov. 17, according to an 8-K filing with the Securities and Exchange Commission.

Wells Fargo Bank, NA was administrative agent under the credit agreement.

Brocade Communications repaid the facility in connection with its acquisition by semiconductor company Broadcom Ltd. The merger was completed on Friday.

Brocade is a San Jose, Calif.-based network gear maker.

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