Avago Technologies in talks on new facility to replace revolver

By Sara Rosenberg

New York, March 10 - Avago Technologies Ltd. is in the process of "actively negotiating" a new credit facility to refinance its existing $350 million revolver, according to a 10-Q filed with the Securities and Exchange Commission on Thursday.

The current revolver matures on Dec. 1 and has availability of $339 million after taking into account $11 million of outstanding letters of credit.

Avago is a Singapore-based designer, developer and supplier of analog semiconductor devices.

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