Blackstone Negotiates $35B Financing for Broadcom

Blackstone is in talks with Apollo and other private credit firms for a $35B financing deal for Broadcom. The deal would significantly boost Broadcom's financial capabilities, but details of the agreement remain unclear. The exact terms of the deal, including its timing, have not been publicly disclosed.

Blackstone is in advanced talks with Apollo and other private credit lenders to arrange a $35 billion financing package for AVGO, one of the largest private credit deals on record. The financing would significantly bolster Broadcom's balance-sheet flexibility, though the precise structure, pricing, and timing have not been disclosed.

A deal of this size highlights how private credit continues to absorb financing demand that once flowed almost exclusively through syndicated bank markets. For Broadcom, fresh capital could fund AI-related capacity, M&A, or refinance existing obligations on more favorable terms as hyperscaler demand for custom silicon accelerates. For Blackstone, leading a club of this magnitude reinforces its position as the largest non-bank credit allocator in tech.

Investors should watch for terms that signal where the private credit market is clearing, particularly spreads relative to high-yield, and any disclosure on use of proceeds. Confirmation of the package would be a tailwind for Broadcom's strategic optionality and a marker of how deeply private capital is now embedded in mega-cap tech financing.

Blackstone Negotiates $35B Financing for Broadcom

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