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Latham & Watkins Advises Broadcom Inc. in US$8 Billion Offering of Senior Notes

May 6, 2020
Bi-coastal, multidisciplinary team advised the global technology leader in the offering.

Broadcom Inc. has announced that it has priced its previously announced offering of US$1 billion of 2.250% Senior Notes due 2023, US$2.25 billion of 3.150% Senior Notes due 2025, US$2.75 billion of 4.150% Senior Notes due 2030, and US$2 billion of 4.300% Senior Notes due 2032. Broadcom intends to use the net proceeds from the sale of the new notes for the repayment, retirement or repurchase of certain of its or its subsidiaries' existing indebtedness, including, but not limited to, repayments of certain amounts outstanding under its November 2019 credit agreement.

Latham & Watkins LLP represented Broadcom in the offering with a corporate team led by Bay Area partner Tony Richmond and New York partner Greg Rodgers, with New York partner Peter Sluka, Bay Area partner Brian Paulson, and New York associates Gemma Mootoo Rajah, Tyler Vivian, and Isabelle Sawhney, and Orange County associate Eric Hanzich. Advice was also provided on tax matters by New York partners David Raab and Bora Bozkurt, with associates Aaron Bernstein and Ron Moore; and on benefits & compensation matters by New York partner Bradd Williamson, with associate Anne Bracaglia.