Tyco Secures $4.0 Billion Debt Financing for Merger

To finance the cash consideration for the merger, Tyco expects to raise up to $4.0 billion in debt financing. Citigroup Global Markets Inc. has committed to provide a bridge loan facility and to arrange a syndicated term loan facility for this purpose.

“Tyco expects to finance the cash consideration for the Merger and fees and expenses related to the transactions with up to $4.0 billion of debt financing. Citigroup Global Markets, Inc. (“CGMI”) is providing committed bridge financing in connection with the Merger.”

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