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Lenders Pledge $100B As Broadcom Tries To Woo Qualcomm

Law360 (February 12, 2018, 4:03 PM EST) -- A group of 12 lenders that includes private equity firms and banks has agreed to commit up to $100 billion in total financing for Broadcom Ltd.’s proposed acquisition of Qualcomm Inc., even though the California chipmaker rejected a Broadcom takeover offer last week, Broadcom said Monday.

The financing would include a $5 billion revolving credit facility and bridge financing, according to a statement. Investment funds affiliated with Silver Lake Partners, KKR & Co. LP and CVC Capital Partners have agreed to provide $6 billion of convertible note...
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