Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Broadcom Inc. incurred term loan of $28,390,625,000.
- Instrument
- term loan
- Principal
- $28,390,625,000
- Event
- incurrence
Exact text from the filing
On November 22, 2023, Broadcom borrowed the full $28,390,625,000 available under the Credit Agreement to fund the Cash Consideration, to provide working capital to Broadcom and its subsidiaries, to refinance existing indebtedness of VMware and its subsidiaries and to pay related costs and expenses.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Broadcom Inc. completed an acquisition involving VMware, Inc. for $142.50 in cash, without interest (the "Cash Consideration") per VMware Common Share; or 0.25200 of a share of common stock, par value $0.001 per share, of Broa (closed 2023-11-22).
- Action
- acquisition
- Counterparty
- VMware, Inc.
- Consideration
- $142.50 in cash, without interest (the "Cash Consideration") per VMware Common Share; or 0.25200 of a share of common stock, par value $0.001 per share, of Broa
- Closing
- 2023-11-22
Exact text from the filing
(“Broadcom”) completed its acquisition of VMware, Inc. (“VMware”) pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of May 26, 2022, by and among Broadcom, VMware, Verona Holdco, Inc., a direct wholly owned subsidiary of VMware (“Holdco”), Verona Merger Sub, Inc., a direct wholly owned subsidiary of Holdco (“Merger Sub 1”),
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