Broadcom plans to repay credit facility with private note offering

Chicago, March 29 – Broadcom Inc. said it intends to repay outstanding debt under its credit facility using proceeds from a private offering of senior notes.

The proposed Rule 144A and Regulation S notes will be guaranteed on a senior unsecured basis by certain of the company’s subsidiaries, according to a press release.

Broadcom is a San Jose, Calif.-based designer and developer of semiconductor and infrastructure software solutions.

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