Cahill Represents Lead Arrangers in $23 Billion Acquisition Financing for Broadcom Inc.
On July 11, 2018, Broadcom announced it entered into a definitive agreement to acquire CA Technologies. Cahill participated in the acquisition financing representing the lead arrangers in connection with a $9,000,000,000 unsecured three-year Term A credit facility, a $9,000,000,000 unsecured five-year Term A credit facility, and a $5,000,000,000 unsecured revolving credit facility for Broadcom Inc., a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions. Proceeds from the facilities were used to finance the acquisition of CA Technologies, to refinance existing indebtedness, and for general corporate purposes. Together, Broadcom and CA Technologies form one of the world’s leading infrastructure technology companies.