Broadcom sells US$5 billion of bonds to refinance VMware loan

Broadcom sells US billion of bonds to refinance VMware loan

BROADCOM borrowed US$5 billion in the US investment-grade bond market on Monday (Jul 8), to refinance a portion of the loans it secured to pay for its US$69 billion acquisition of VMware. The software developer sold debt in three parts, according to a source with knowledge of the matter. The longest tranche yields 0.95 percentage…

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