CA Inc. prepays $273.75 million term loans for buyout by Broadcom

By Susanna Moon

Chicago, Nov. 5 – CA, Inc. prepaid all of its debt outstanding under its $1 billion unsecured revolving credit facility and $300 million term loan in connection with the acquisition of the company by Broadcom Inc. on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The prepayment was required by the terms of the merger agreement, and the amended credit agreement was dated June 27, 2017 with Citibank, NA as administrative agent, and the amended term loan agreement was dated April 20, 2018 with Bank of America, NA as administrative agent.

There were no loans outstanding under the revolver, and the outstanding amount under the term loan agreement was $273.75 million.

CA is an information technology company based in New York.

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