Broadcom said it filed an amendment to its certificate of incorporation to effect the ten-for-one forward stock split it announced on June 12, 2024, increasing its authorized common stock from 2,900,000,000 to 29,000,000,000 shares in proportion. The amendment took effect at 4:30 p.m. Eastern Time on July 12, 2024.

1. 01

   Broadcom said it filed an amendment to its certificate of incorporation to effect the ten-for-one forward stock split it announced on June 12, 2024, increasing its authorized common stock from 2,900,000,000 to 29,000,000,000 shares in proportion. The amendment took effect at 4:30 p.m. Eastern Time on July 12, 2024.

2. 02

   On July 8, 2024, Broadcom entered into an underwriting agreement with BofA Securities, Inc., BNP Paribas Securities Corp. and HSBC Securities (USA) Inc. to issue and sell senior notes with a total principal amount of $5,000,000,000.

3. 03

   The company said it structured the notes in three tranches: $1,250,000,000 at 5.050% due July 12, 2027, $2,250,000,000 at 5.050% due July 12, 2029, and $1,500,000,000 at 5.150% due November 15, 2031.

4. 04

   The company said the notes are unsecured, unsubordinated obligations. Because the notes will not be guaranteed by any of its subsidiaries, they will be structurally subordinated to the subsidiaries' debt. The company said it plans to use the net proceeds for general corporate purposes and debt repayment.

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