Broadcom sets pricing for $2.5 billion debt tender offer

Broadcom Inc. (NASDAQ: AVGO) announced pricing terms on June 17, 2026, for cash tender offers to purchase six series of its outstanding senior notes, with a total consideration cap of $2.5 billion, excluding accrued coupon payments.

The offers cover the following series of notes, listed in order of acceptance priority: 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. The total consideration per $1,000 principal amount is $982.01, $970.29, $1,021.24, $1,023.23, $1,021.77, and $1,003.73, respectively.

Pricing was calculated as of 11:00 a.m. New York City time on June 17, 2026, based on fixed spreads ranging from +25 to +80 basis points over applicable U.S. Treasury reference yields. Broadcom may, but is not obligated to, increase the consideration cap amount.

The offers were scheduled to expire at 5:00 p.m. New York City time on June 17, 2026. The initial settlement date is expected to be June 18, 2026. Notes tendered using guaranteed delivery procedures must be submitted by June 22, 2026, with settlement expected on June 23, 2026.

Barclays Capital Inc. and Citigroup Global Markets Inc. are serving as dealer managers for the offers. D.F. King & Co., Inc. is acting as tender and information agent. The information in this article is based on a press release issued by Broadcom.

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