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Get filing alertsBroadcom completes $2.9B debt tender, upsizes cap to $3.0B to accept all 2037/2038 notes
Filed June 18, 2026 · Period ending June 17, 2026 · ~1 min read
Key Changes
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Broadcom accepted $2.9B of tendered notes from $5.5B submitted, upsizing the purchase cap from $2.5B to $3.0B to retire all tendered 2037 and 2038 notes ($1.84B and $1.05B respectively).
Item 8.01 — Other Events verify on EDGAR → -
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The 2037 notes were purchased at $982.01 per $1,000 principal and 2038 notes at $970.29, both below par, while four lower-priority series (2030-2032 maturities) were not accepted due to the cap.
Item 8.01 — Other Events verify on EDGAR → -
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Settlement occurred June 18, 2026, one day after the June 17 expiration. Holders of the four unaccepted series will have their notes returned.
Item 8.01 — Other Events verify on EDGAR →
Summary
Broadcom completed a debt tender offer that attracted $5.5 billion in submissions across six note series but accepted only $2.9 billion for purchase. The company upsized its purchase cap from $2.5 billion to $3.0 billion specifically to accommodate all tenders of its two highest-priority series: the 4.926% notes due 2037 ($1.84 billion tendered) and the 4.900% notes due 2038 ($1.05 billion tendered).
Both series were purchased below par value, at $982.01 and $970.29 per $1,000 principal respectively, reducing Broadcom's future interest obligations on these maturities. The four lower-priority series—covering 2030, 2031, and two 2032 maturities—received tenders but were not accepted due to the aggregate purchase cap. Those notes will be returned to holders.
The transaction settled June 18, 2026, one business day after the June 17 expiration. This is a routine liability management exercise that modestly reduces Broadcom's long-dated debt stack at a discount to par, with no material impact on the company's overall capital structure or financial flexibility.
Section-by-Section Diff
Event · Exhibit 99.1
Broadcom announces pricing for tender offers to repurchase up to $2.5B of six series of senior notes due 2030-2038.
Added in current filing · view on EDGAR →
Broadcom Inc. (NASDAQ: AVGO) (“Broadcom”) today announced the pricing terms of its previously announced cash tender offers (collectively, the “Offers”) to purchase the outstanding notes described below, in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 11, 2026 (the “Offer to Purchase”) and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”). The Notes offered to be purchased in the Offers, in the order of acceptance priority, are the 4.926% Senior Notes due 2037; 4.900% Senior Notes due 2038; 5.050% Senior Notes due 2030; 5.200% Senior Notes due 2032; 5.150% Senior Notes due 2031 and 4.900% Senior Notes due 2032 (collectively, the “Notes”) for the consideration described below, up to an aggregate purchase price, excluding the Accrued Coupon Payment, of $2.5 billion (the “Consideration Cap Amount”).
Broadcom disclosed pricing for its previously announced tender offers to repurchase up to $2.5 billion aggregate purchase price of six series of senior notes with maturities ranging from 2030 to 2038. The offers expire June 17, 2026 at 5:00 p.m. New York time, with settlement expected June 18, 2026.
Added in current filing · view on EDGAR → · paraphrased
4.926% Senior Notes due 2037 ... $2,500,000,000 ... Total Consideration (2) $982.01 ... 4.900% Senior Notes due 2038 ... $1,750,000,000 ... $970.29 ... 5.050% Senior Notes due 2030 ... $800,000,000 ... $1,021.24 ... 5.200% Senior Notes due 2032 ... $1,100,000,000 ... $1,023.23 ... 5.150% Senior Notes due 2031 ... $1,500,000,000 ... $1,021.77 ... 4.900% Senior Notes due 2032 ... $1,750,000,000 ... $1,003.73
The filing discloses total consideration per $1,000 principal amount for each of the six note series being tendered. The 2037 and 2038 notes trade below par ($982.01 and $970.29 respectively), while the 2030-2032 notes trade above par (ranging from $1,003.73 to $1,023.23). The aggregate principal amounts outstanding range from $800 million to $2.5 billion across the six series.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
The Offers are scheduled to expire at 5:00 p.m., New York City time, today, June 17, 2026, unless extended or earlier terminated. Notes tendered for purchase may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, today, June 17, 2026, unless extended by Broadcom. The deadline to validly tender Notes using the guaranteed delivery procedures is 5:00 p.m., New York City time, on June 22, 2026, unless extended by Broadcom (the “Guaranteed Delivery Date”). The Initial Settlement Date will be the first business day after the Expiration Date and is expected to be June 18, 2026.
The tender offers expire June 17, 2026 at 5:00 p.m. New York time with initial settlement expected June 18, 2026. Noteholders can withdraw tenders until the expiration time. A guaranteed delivery procedure is available until June 22, 2026 with settlement expected June 23, 2026.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
approximately $5.5 billion combined aggregate principal amount of Notes were validly tendered prior to or at the Expiration Date, of which approximately $2.9 billion aggregate principal amount of Notes have been accepted for purchase
Broadcom received tenders for $5.5 billion across six series of notes but accepted only $2.9 billion for purchase. The company accepted all tendered 4.926% 2037 notes ($1.84 billion) and 4.900% 2038 notes ($1.05 billion), which were the two highest-priority series. Notes in the remaining four series were not accepted due to the aggregate purchase cap.
Added in current filing · view on EDGAR →
4.926% Senior Notes due 2037 ... Total Consideration (2) ... $982.01 ... 4.900% Senior Notes due 2038 ... $970.29 ... The Initial Settlement Date will be June 18, 2026.
Broadcom is purchasing the 2037 notes and 2038 notes at modest premiums to par, settling on June 18, 2026. Holders will also receive accrued interest. The four lower-priority series (2030, 2031, and two 2032 maturities) were tendered but not accepted due to the cap, and will be returned to holders.
Event · Item 8.01 — Other Events
Broadcom announced pricing, expiration, upsize, and results of cash tender offers for certain debt securities.
Added in current filing · verify on EDGAR →
On June 17, 2026, Broadcom Inc. (the “Company”) issued a press release announcing the pricing terms of the previously announced cash tender offers (the “Offers”) for certain of its debt securities.
Broadcom disclosed the pricing terms for its previously announced cash tender offers targeting certain debt securities. The specific pricing terms, securities involved, and tender consideration amounts are detailed in the attached press release (Exhibit 99.1).
Added in current filing · verify on EDGAR →
On June 17, 2026, the Company issued a press release announcing the expiration, upsize and results of the Offers.
Broadcom announced that its cash tender offers have expired and disclosed the results, including an upsize of the offers. The specific amounts tendered, acceptance levels, and any modifications to the original offer size are detailed in the attached press release (Exhibit 99.2). This represents the completion of a debt liability management transaction.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify