Broadcom exchange offer: $1.95B in senior notes (4.000% 2029, 4.150% 2032) for registration

Filed June 17, 2026 · ~1 min read

Key Changes

• high

  This is a registration exchange offer, not a capital raise. Broadcom receives zero cash proceeds; it is swapping $750M of 4.000% 2029 notes and $1,200M of 4.150% 2032 notes (issued privately April 14, 2022) for identical registered notes to fulfill a registration rights agreement.

  Use of Proceeds verify on EDGAR →
• high

  The Exchange Notes are structurally subordinated to $5,283M of subsidiary debt (of which only $777M is guaranteed by Broadcom). The notes have no subsidiary guarantees; Broadcom can only service them with cash received from subsidiaries via dividends or distributions.

  Risk Factors verify on EDGAR →
• medium

  Holders who do not tender will continue to hold unregistered Outstanding Notes subject to transfer restrictions, limiting their ability to resell. Broadcom does not plan to register the Outstanding Notes separately.

  Risk Factors verify on EDGAR →