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Arris Said to Seek $2.18 Billion in Loans to Acquire Google Unit

Arris Group Inc., a cable-equipment maker, is seeking $2.18 billion in loans to purchase Google Inc.’s Motorola Home business, according to a person with knowledge of the transaction.

The financing will include a $1 billion five-year term loan A, a $925 million seven-year term portion B and a $250 million revolving line of credit maturing in five years, said the person, who asked not to be identified because the information is private.

Term loan B lenders are being offered one-year soft-call protection of 101 cents, meaning the company would have to pay 1 cent more than face value to refinance the debt during the first year, the person said.

Bank of America Corp. and Royal Bank of Canada are arranging the financing for the Suwanee, Georgia-based company and will host a lender meeting Jan. 22 at 2 p.m. in New York, said the person.

Arris is paying about $2.05 billion in cash and about $300 million in newly issued shares that will give Google a stake of

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