Broadcom lines up biggest ever debt financing –$106 billion — for Qualcomm

Broadcom Ltd. has lined up as much as $106 billion of debt financing to back its proposed acquisition of Qualcomm, winning what would be the biggest corporate loan on record at a precarious time for credit markets.
As much as $100 billion of the funding would be provided by a group of 12 lenders including Bank of America Corp. and JPMorgan Chase & Co., Broadcom said in a statement Monday, a record loan financing. The banks provided a firm commitment to fund the deal, a step up from their pre