On September 26, 2024, Broadcom entered into an underwriting agreement with J.P. Morgan Securities LLC, TD Securities (USA) LLC and Truist Securities, Inc. to issue and sell $5,000,000,000 aggregate principal amount of senior notes.

8-KOther EventsFiled Oct 2, 2024Period of report Oct 2, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

On September 26, 2024, Broadcom entered into an underwriting agreement with J.P. Morgan Securities LLC, TD Securities (USA) LLC and Truist Securities, Inc. to issue and sell $5,000,000,000 aggregate principal amount of senior notes.
The company said the notes consist of 4.150% notes due 2028 in the amount of $875,000,000, 4.350% notes due 2030 in the amount of $1,500,000,000, 4.550% notes due 2032 in the amount of $875,000,000, and 4.800% notes due 2034 in the amount of $1,750,000,000.
Broadcom said the notes are unsecured, unsubordinated obligations that rank equally in right of payment with its existing and future unsecured, unsubordinated indebtedness. Because the notes will not be guaranteed by any of its subsidiaries, they will be structurally subordinated to the debt and other liabilities of those subsidiaries.
The company said it expects to use the net proceeds from the notes for general corporate purposes and for debt repayment.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$5,000,000,000 Senior Notes Underwriting Agreement

On September 26, 2024, Broadcom entered into an underwriting agreement with J.P. Morgan Securities LLC, TD Securities (USA) LLC and Truist Securities, Inc. to issue and sell $5,000,000,000 aggregate principal amount of senior notes.

Source · Based on the filing body and exhibits

Principal and Coupon by 4 Maturity Tranche

The company said the notes consist of 4.150% notes due 2028 in the amount of $875,000,000, 4.350% notes due 2030 in the amount of $1,500,000,000, 4.550% notes due 2032 in the amount of $875,000,000, and 4.800% notes due 2034 in the amount of $1,750,000,000.

Source · Based on the filing body and exhibits

Note Ranking and Structural Subordination

Broadcom said the notes are unsecured, unsubordinated obligations that rank equally in right of payment with its existing and future unsecured, unsubordinated indebtedness. Because the notes will not be guaranteed by any of its subsidiaries, they will be structurally subordinated to the debt and other liabilities of those subsidiaries.

Source · Based on the filing body and exhibits

Planned Use of Net Proceeds

The company said it expects to use the net proceeds from the notes for general corporate purposes and for debt repayment.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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