Broadcom’s $32 Billion Loan for VMware Is Biggest in Over a Year

Broadcom Inc.’s $32 billion of debt commitments to help finance the acquisition of cloud-computing company VMware Inc. is the largest M&A funding package in over a year, according to data compiled by Bloomberg.

The financing shows that Wall Street banks still have significant appetite to lend to borrowers even as rising interest rates and growth concerns fuel volatility in credit markets.

Broadcom is working with Barclays Plc, Bank of America Corp., Credit Suisse Group AG, Citigroup Inc., Morgan Stanley and Wells Fargo & Co. as financial advisers on the transaction, one of the largest technology deals of all time ...