---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-040084"
form_type: "8-K"
ticker: "AVGO"
cik: "0001730168"
company_name: "Broadcom Inc."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:36:34.593000+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Broadcom secures $28.4B term loan facilities to fund VMware acquisition

## Summary
- Three unsecured term loan facilities: Term A-2 ($10.7B, 2-yr), A-3 ($10.7B, 3-yr), A-5 ($7B, 5-yr).
- Interest at Base Rate or Term SOFR plus margin based on Broadcom's credit ratings (Pricing Level 1-5).
- Financial covenant requires Consolidated Interest Coverage Ratio ≥ 2.00:1.00 measured quarterly after funding.
- Broadcom terminated the prior $32B senior unsecured bridge facility committed for the acquisition.
- Up to $2B increase allowed within 15 business days after the funding date.

## SEC filing metadata
- accession: 0001140361-23-040084
- form_type: 8-K
- ticker: AVGO
- cik: 0001730168
- company_name: Broadcom Inc.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730168/000114036123040084/0001140361-23-040084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730168/000114036123040084/brhc20057578_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-040084
- JSON: https://secwatch.observer/filing/0001140361-23-040084.json
- Plain text: https://secwatch.observer/filing/0001140361-23-040084.txt

## Key facts
- Material Agreements
  Broadcom Inc. entered into Credit Agreement with the lenders named therein, Bank of America, N.A., as administrative agent, and the other parties from time to time party thereto valued at up to $28,390,625,000 (effective 2023-08-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the lenders named therein, Bank of America, N.A., as administrative agent, and the other parties from time to time party thereto
  - Value: up to $28,390,625,000
  - Effective: 2023-08-15
  source text: On August 15, 2023 (the "Effective Date"), Broadcom Inc., a Delaware corporation ("Broadcom"), entered into a Credit Agreement with the lenders named therein, Bank of America, N.A., as administrative agent, and the other parties from time to time party thereto (the "Credit Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000114036123040084/0001140361-23-040084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.