Broadcom raises debt buyback cap to $3B, accepts $2.9B in notes

Broadcom Inc. (NASDAQ: AVGO) increased the maximum aggregate purchase price for its cash tender offers on outstanding senior notes from $2.5 billion to $3.0 billion, according to a press release issued June 17, 2026.

The offers, which expired at 5:00 p.m. New York City time on June 17, covered six series of senior notes with maturities ranging from 2030 to 2038. Approximately $5.5 billion in combined aggregate principal amount was tendered, of which approximately $2.9 billion was accepted for purchase.

The two highest-priority series — the 4.926% Senior Notes due 2037 and the 4.900% Senior Notes due 2038 — were fully accepted, with $1.84 billion and $1.05 billion in principal amount accepted, respectively. The remaining four series, with acceptance priority levels three through six, received no accepted purchases under the terms of the offers.

An additional approximately $35.0 million in combined principal amount of the 2037 and 2038 notes was tendered under guaranteed delivery procedures and remains subject to holder delivery requirements. The initial settlement date is June 18, 2026, with a guaranteed delivery settlement date of June 23, 2026.

Notes tendered but not accepted will be returned to holders. Accepted holders will also receive an accrued coupon payment on the applicable settlement date.

Barclays Capital Inc. and Citigroup Global Markets Inc. acted as dealer managers for the offers. D.F. King & Co., Inc. served as tender and information agent.

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