Broadcom Inc. utilized the U.S. investment-grade bond market to refinance some of the debt it acquired during its $69 billion acquisition of VMware Inc. The company plans to sell the debt in at least three parts, with the longest tranche expected to yield 1.25 percentage points above U.S. Treasuries. This debt sale comes more than … Read more
Broadcom is in the process of launching a bond sale in order to refinance loans that were taken out for their acquisition of VMware. The company is looking to pay off the debt that was incurred from this deal by issuing new bonds. This move is part of Broadcom’s strategy to streamline their financials and … Read more
Broadcom, a leading technology company, has recently announced a bond sale to refinance loans taken for the acquisition of VMware. This strategic move is aimed at restructuring the company’s debt and taking advantage of favorable market conditions. The bond sale is part of Broadcom’s efforts to efficiently manage its financial obligations and optimize its capital … Read more
U.S. companies have been able to take advantage of investor appetite for junk loans, with nearly $400 billion of debt being revalued at lower interest rates this year. The easing of financing conditions for U.S. companies has been attributed to the equivalent of two quarter-point cuts by the Federal Reserve. Demand has been driven by … Read more