Broadcom Ltd. said Feb. 12 that it has lined up as much as $100 billion in financing for an acquisition of Qualcomm Inc.

Broadcom (Nasdaq: AVGO) made a new bid for Qualcomm (Nasdaq: QCOM) on Feb. 5, raising its offer to $121 billion. The Singapore tech company, which says it plans to relocate to the United States, has offered to buy each Qualcomm share for $82, consisting of $60 in cash and $22 in Broadcom stock.

Qualcomm rejected the offer on Feb. 8, saying it “materially undervalues” Qualcomm.

Broadcom said it has signed committed financing agreements with 12 financial institutions. Financial institutions that will provide the credit facilities and bridge financing for the transaction are BofA Merrill Lynch, Citigroup, affiliates of Deutsche Bank AG, J.P. Morgan, Mizuho, MUFG, SMBC, Wells Fargo, Scotiabank, BMO Capital Markets, RBC Capital Markets and Morgan Stanley.

Silver Lake, KKR and CVC Capital Partners have agreed to provide $6 billion convertible notes financing to fund the transaction.

“After having successfully invested with Hock and the company previously, we are excited to partner again. We have a lot of respect for what they can accomplish and look forward to supporting them on this next phase of value creation,” said Joe Bae, co-President and co-COO of KKR, in a statement distributed by Broadcom. The reference is to Broadcom CEO Hock Tan.

Funding will cover restructuring activities, Broadcom said.

Tan has asked to make a pitch to Qualcomm’s board; it was unclear when that would happen. Broadcom is also attempting a hostile takeover, nominating an alternate slate of directors for the Qualcomm board. Qualcomm’s current slate is running for re-election at the annual meeting March 6.

Qualcomm is scheduled to make several technology and business announcements Feb. 14.