Loan & DebtJun 18, 2026, 09:06 AM
Broadcom Upsizes Debt Tender Offer to $3.0B; Accepts $2.9B Notes
AI Summary
Broadcom Inc. has announced the pricing terms and subsequent results of its cash tender offers for several series of its outstanding debt securities. Initially priced with an aggregate purchase price cap of $2.5 billion, the company later announced an upsizing of this cap to $3.0 billion. The offers expired on June 17, 2026, with approximately $5.5 billion in aggregate principal amount of notes tendered, of which approximately $2.9 billion have been accepted for purchase. The company has retained Barclays Capital Inc. and Citigroup Global Markets Inc. as dealer managers for these offers.
Key Highlights
- Broadcom Inc. announced pricing terms for cash tender offers for certain debt securities.
- The aggregate purchase price is capped at $2.5 billion, with potential for increase.
- Offers include various Senior Notes due 2030, 2031, 2032, 2037, and 2038.
- The company may increase the aggregate purchase price cap.
- The offers are subject to specified terms and conditions outlined in the Offer to Purchase.
- Broadcom announced an upsizing of the aggregate purchase price to $3.0 billion.
- Approximately $5.5 billion aggregate principal amount of Notes were validly tendered.
- Approximately $2.9 billion aggregate principal amount of Notes have been accepted for purchase.
Price Impact
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