Simpson Thacher represented Deutsche Bank Securities Inc., Barclays Bank PLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arrangers in connection with a new senior secured credit facility, consisting of a $4.6 billion term loan facility and a $500 million revolving credit facility, for Avago Technologies Limited. The proceeds were used to finance the acquisition of LSI Corporation.
Avago is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products for the wireless communications, wired infrastructure, and industrial and automotive electronics target markets. LSI Corporation designs semiconductors and software that accelerate storage and networking in datacenters, mobile networks and client computing.
The Simpson Thacher team included Patrick Ryan, Jessica Tuchinsky, Makiko Harunari, Erica Lee and John O’Connell (Credit); Marcela Robledo and Michelle Morad (IP); Noah Metz (Tax); Mardi Merjian (Real Estate); Janet Nadile and Jonathan Pall (UCC); and Joyce Xu, Solomon Bashi and Shanita Nicholas (Derivatives).