Latham & Watkins Advises Broadcom Inc. in US$10 Billion Private Senior Notes Offering and Debt Tender Offers

Bicoastal team represented the global technology leader in the offering.

January 05, 2021

Broadcom Inc. has announced that it has priced its previously announced offering of US$750 million of 1.95% Senior Notes due 2028, US$2.75 billion of 2.45% Senior Notes due 2031, US$1.75 billion of 2.6% Senior Notes due 2033, US$3 billion of 3.5% Senior Notes due 2041, and US$1.75 billion of 3.75% Senior Notes due 2051. Broadcom intends to use the net proceeds from the sale of the notes to repay certain of its existing indebtedness, including funding the purchase price of the previously announced cash tender offers for certain of its outstanding bonds.

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

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