Brocade gets $1.225 bln loan to finance Foundry deal
Brocade gets $1.225 bln loan to finance Foundry deal October 7th, 2008 SAN FRANCISCO (MarketWatch) — Brocade said late Tuesday it entered into a $1.225 billion secured credit facility to partly finance its buyout of Foundry Networks . In addition to the funds, Brocade expects to raise up to $400 million in additional financing and using cash on hand to fund the deal. The proposed buyout has received regulatory clearance and approval from the boards of each company. Shareholders of Foundry a
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