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SAN JOSE, Calif., April 14, 2022 /PRNewswire/ — Broadcom Inc. AVGO (“Broadcom” or the “Company”) announced today the pricing terms of the Company’s new notes due 2037 (the “New Notes”) to be issued in connection with its offers to eligible holders (the “Exchange Offers”) of the Company’s or its subsidiaries’ Existing Notes listed in the table below (the “Existing Notes”) to exchange Existing Notes (subject to, among others, the acceptance priority levels) for consideration consisting of a combination of up to $2,500,000,000 (the “Notes Cap”) aggregate principal amount of the New Notes and a cash payment, the complete terms and conditions of which are set forth in an offering memorandum, dated March 31, 2022 (the “Offering Memorandum”).
As a result of reaching the Notes Cap by the Early Participation Date, no Existing Notes tendered for exchange after the Early Participation Date will be accepted for exchange, regardless of priority level. Existing Notes not accepted for exchange will be returned promptly to the tendering holders in accordance with the Offering Memorandum. Capitalized terms not defined herein shall have the meanings ascribed to them in the Offering Memorandum.
The aggregate principal amount, fixed spread and interest rate of New Notes expected to be issued by the Company is set forth in the table below:
|
Title of Security |
Aggregate Principal Amount |
Reference U.S. Treasury |
Fixed Spread |
Interest Rate(1) |
|
4.926% Senior Notes due 2037 |
$2,500,000,000 |
1.875% due February 15, |
215 |
4.926% |
|
(1) The interest rate reflects the bid-side yield on the Reference UST Security plus the applicable fixed spread, calculated in accordance with the |
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For each $1,000 principal amount of each series of Existing Notes validly tendered and not validly…
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