debt
confidence high
sentiment neutral
materiality 0.60
Broadcom issues $5B in senior notes across four tranches for general corporate purposes
Broadcom Inc.
- $5B aggregate principal: $875M 4.150% notes due 2028, $1.5B 4.350% due 2030, $875M 4.550% due 2032, $1.75B 4.800% due 2034.
- Underwriters include J.P. Morgan, TD Securities, and Truist Securities.
- Notes are unsecured, unsubordinated, rank equally with existing unsecured debt, but structurally subordinated to subsidiary liabilities.
- Proceeds to be used for general corporate purposes and repayment of debt.