Broadcom in its $28.4 billion term A loan facility with Bank of America, N.A. and the other financial institutions party thereto, to fund its pending acquisition of VMWare, Inc

On August 15, 2023, Broadcom Inc. entered into a Credit Agreement with a syndicate of lenders and Bank of America, N.A., as administrative agent, which provides for an aggregate of $28.4 billion of term loan commitments, comprised of a $10.7 billion unsecured term A-2 facility, a $10.7 billion unsecured term A-3 facility and a $7.0 billion unsecured term A-5 facility. Broadcom will use the proceeds of these borrowings to fund its pending acquisition of VMware, Inc., to provide working capital for Broadcom and its subsidiaries, to repay or refinance the existing indebtedness of VMware and its subsidiaries and for related costs and expenses.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Broadcom.