Broadcom offers to exchange $6.0B of unregistered notes for registered notes with identical terms

Filed June 17, 2026 · ~2 min read

Key Changes

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  This is a registration exchange offer, not a capital raise. Broadcom receives zero proceeds; it is swapping $3.25B of 3.137% notes due 2035 and $2.75B of 3.187% notes due 2036 (issued Sept 2021) for SEC-registered notes with identical terms.

  Use of Proceeds verify on EDGAR →
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  Broadcom Inc. carries $61.4B of debt at the issuer level as of May 3, 2026. Subsidiaries hold an additional $5.3B of unsecured debt, only $777M of which is guaranteed by the issuer.

  Risk Factors verify on EDGAR →
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  The exchange notes are structurally subordinated to all subsidiary liabilities. In an insolvency, subsidiary creditors are paid before assets flow to the parent and its noteholders.

  Risk Factors verify on EDGAR →