Ron Burgundy Posted November 8, 2016 Share Posted November 8, 2016 By Michelle Sierra NEW YORK (Reuters LPC) - Six banks will be providing a US$6.5bn financing backing chipmaker Broadcom's acquisition of Brocade, a maker of networking switches, software and storage products, two sources familiar with the financing said. Bank of America Merrill Lynch (BAML), Deutsche Bank, Barclays, Bank of Montreal, Citigroup and Credit Suisse have signed on to the 364-day unsecured bridge loan, the sources said. The all-cash transaction, valued at approximately US$5.5bn, plus US$400m of debt, is the latest in a burst of merger activity in the last two weeks that will help lift U.S. investment banking fee incomes from four-year lows. View the full article Quote Link to comment Share on other sites More sharing options...
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