debt
confidence high
sentiment neutral
materiality 0.60
Broadcom issues $5B in new notes; redeems ~$3.64B of older notes
Broadcom Inc.
- Issued $5B senior notes: $1B 4.200% due 2030, $2.25B 4.800% due 2036, $1.75B 4.900% due 2038.
- Subsidiaries gave notice to redeem all outstanding $2.922B 3.875% notes due 2027, $215.4M 4.700% notes, and $500M 4.650% notes.
- Redemption dates in October 2025 at make-whole premiums of 25-50 bps over Treasury plus accrued interest.
- New notes are unsecured, unsubordinated, and structurally subordinated to subsidiary liabilities.
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