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Broadcom | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC ·  Sep 27 16:16

Summary by Moomoo AI

Broadcom Inc. (NASDAQ: AVGO), a leading global technology company, has announced the pricing of a multi-tranche offering of senior notes on September 26, 2024. The offering includes $875 million of 4.150% senior notes due in 2028, $1.5 billion of 4.350% senior notes due in 2030, $875 million of 4.550% senior notes due in 2032, and $1.75 billion of 4.800% senior notes due in 2034. The closing date for the transaction is set for October 2, 2024. Broadcom intends to use the net proceeds, estimated at approximately $4.97 billion after underwriting discounts, to prepay a portion of its term A-3 loans under its term loan credit agreement and for general corporate purposes. The notes have been rated Baa3 with a positive outlook by Moody's, and BBB with a stable outlook by both Fitch and S&P Global...Show More
Broadcom Inc. (NASDAQ: AVGO), a leading global technology company, has announced the pricing of a multi-tranche offering of senior notes on September 26, 2024. The offering includes $875 million of 4.150% senior notes due in 2028, $1.5 billion of 4.350% senior notes due in 2030, $875 million of 4.550% senior notes due in 2032, and $1.75 billion of 4.800% senior notes due in 2034. The closing date for the transaction is set for October 2, 2024. Broadcom intends to use the net proceeds, estimated at approximately $4.97 billion after underwriting discounts, to prepay a portion of its term A-3 loans under its term loan credit agreement and for general corporate purposes. The notes have been rated Baa3 with a positive outlook by Moody's, and BBB with a stable outlook by both Fitch and S&P Global Ratings. The notes will be offered in denominations of $2,000 and multiples of $1,000 thereafter. Interest on the notes will be paid semi-annually, with the first payment commencing on February 15, 2025. The notes were priced slightly below their principal amount and will mature on various dates from 2028 to 2034, depending on the tranche. Broadcom has the option to redeem the notes at specified dates prior to maturity. The joint book-running managers for the offering include J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Truist Securities, Inc., among others.

This announcement is a separate document:

Doc 1

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