SPY - Broadcom Issues $5B in Debt To Fund VMware Acquisition | Benzinga
Broadcom Inc (NASDAQ:AVGO) borrowed $5 billion in the U.S. investment-grade bond market on Monday to refinance some of the loans it secured for its $69 billion acquisition of VMware Inc.
The software developer sold debt in three parts, Bloomberg cites a familiar source.
After initial talks, the longest tranche yields 0.95 percentage points over Treasuries, approximately 1.25 percentage points above Treasuries.
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The planned debt ...