Broadcom Inc. Announces Pricing Terms of Offers to Purchase for Cash Certain of its Outstanding Debt Securities

Broadcom (NASDAQ: AVGO) announced pricing terms for its cash tender offers to purchase certain outstanding senior notes.

Rhea-AI Summary

Broadcom (NASDAQ: AVGO) announced pricing terms for its cash tender offers to purchase certain outstanding senior notes. The offers cover six note series with an aggregate purchase price cap, excluding accrued coupon, of $2.5 billion.

The offers expire at 5:00 p.m. New York City time on June 17, 2026, with a guaranteed delivery deadline of June 22, 2026. Initial settlement is expected June 18, 2026 and guaranteed delivery settlement June 23, 2026.

Positive

• Cash tender offers for six senior note series with defined pricing terms
• Aggregate purchase price consideration cap of $2.5 billion, excluding accrued coupon
• Clear expiration, guaranteed delivery, and settlement dates for noteholders

Negative

• None.

Argus Jun 17 session

+4.30% close to close Open Argus

Details

News Market Reaction – AVGO

On Jun 17, the day this news came out, AVGO closed 4.30% above the previous close.

Data tracked by StockTitan Argus for the Jun 17 session.

Market Context

This announcement details final pricing for Broadcom’s cash tender offers to repurchase several seri...

Analysis

This announcement details final pricing for Broadcom’s cash tender offers to repurchase several series of outstanding senior notes, with an aggregate cap of $2.5 billion. It follows the launch of these offers on Jun 11 and sits alongside recent strong earnings and AI-related initiatives. Investors may track how much debt is ultimately retired, subsequent interest expense trends, and any further capital allocation updates alongside ongoing AI demand and semiconductor sector conditions.

Key Figures

Tender offer cap: $2.5 billion 4.926% notes 2037: $2,500,000,000 4.900% notes 2038: $1,750,000,000 +5 more

Tender offer cap

$2.5 billion

Aggregate purchase price cap for debt tender offers

4.926% notes 2037

$2,500,000,000

Aggregate principal amount outstanding, 4.926% Senior Notes due 2037

4.900% notes 2038

$1,750,000,000

Aggregate principal amount outstanding, 4.900% Senior Notes due 2038

5.050% notes 2030

$800,000,000

Aggregate principal amount outstanding, 5.050% Senior Notes due 2030

Total consideration 2037

$982.01

Per $1,000 principal for 4.926% Senior Notes due 2037

Total consideration 2038

$970.29

Per $1,000 principal for 4.900% Senior Notes due 2038

Reference yield long notes

4.443%

Reference yield for offers tied to 4.375% U.S. Treasury due May 15, 2036

Offer expiration

5:00 p.m. June 17, 2026

Scheduled expiration time of the tender offers

Historical Context

5 past events · Latest: Jun 11

5 events

1. Jun 11

   Debt tender launch

   24h Move

   +3.6%

   Announced cash tender offers for up to $2.5B of senior notes.

2. Jun 09

   AI cloud outlook

   24h Move

   -0.4%

   Private Cloud Outlook showed enterprise AI inference shifting to private cloud.

3. Jun 09

   AI platform financing

   24h Move

   -0.4%

   Launched AI XPV Platform targeting over 20 GW of AI capacity by 2028.

4. Jun 08

   Security investment

   24h Move

   +3.0%

   Expanded security investments in Spring and Java ecosystem for AI threats.

5. Jun 03

   Earnings & dividend

   24h Move

   -12.6%

   Reported strong Q2 FY26 growth and declared a quarterly dividend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cash tender offers, senior notes, cusip, isin, +4 more

8 terms

cash tender offers financial

"today announced the pricing terms of its previously announced cash tender offers"

A cash tender offer is when a company or investor offers to buy shares directly from shareholders for cash, usually at a price higher than the current market value. It’s a way to quickly acquire a large number of shares, often to gain control of a company or influence its decisions.

senior notes financial

"The Notes offered to be purchased in the Offers, in the order of acceptance priority, are the 4.926% Senior Notes due 2037"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

cusip financial

"CUSIP/ISIN Number (1) | | Aggregate Principal Amount Outstanding"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

isin financial

"CUSIP/ISIN Number (1) | | Aggregate Principal Amount Outstanding"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

reference yield financial

"plus the Reference Yield based on the bid-side price of the applicable Reference Security"

The reference yield is the standard rate of return on a debt security, like a government bond, that investors expect to earn if they buy it at its current price. It acts like a benchmark, helping investors compare different bonds and decide if they are worth buying, much like checking the interest rate on a savings account to see how much you will earn over time.

fixed spread financial

"Fixed Spread (Basis Points) | | +70 | | $982.01"

A fixed spread is a set difference between the buying and selling prices of a financial instrument that remains constant regardless of market conditions. For investors, this means the cost to trade stays predictable, making it easier to understand potential expenses and plan accordingly—similar to a fixed fee in a service that doesn’t change, no matter how busy or slow the market becomes.

accrued coupon payment financial

"excluding the Accrued Coupon Payment, of $2.5 billion (the "Consideration Cap Amount")"

An accrued coupon payment is the interest earned on a bond that has accumulated since the last payment date but has not yet been paid to the investor. Think of it like interest building up in a savings account that will be paid out later; it reflects the amount the investor is owed for holding the bond during that period. This figure matters because it helps accurately determine the bond’s current value and the investor’s true earnings.

guaranteed delivery financial

"The deadline to validly tender Notes using the guaranteed delivery procedures is 5:00 p.m."

Guaranteed delivery is a promise in securities transactions that a buyer or seller will receive the agreed shares or cash even if paperwork, payment, or regulatory clearances are not completed at the moment the deal is announced. Think of it as a short-term IOU that lets a trade settle on schedule while the missing pieces are finalized; for investors it reduces the risk of a failed transaction and keeps offerings or block trades from being delayed or canceled.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

PALO ALTO, Calif., June 17, 2026 /PRNewswire/ -- 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 may, but is under no obligation to, increase the Consideration Cap Amount. If a given Series of Notes is accepted for purchase pursuant to the Offers, all Notes of that Series that are validly tendered and not validly withdrawn will be accepted for purchase. If the Consideration Cap Condition is not satisfied for a Series of Notes, such Series of Notes may not be accepted for purchase even if one or more Series with a higher or lower Acceptance Priority Level are accepted for purchase. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

The table below provides the applicable Total Consideration for each Series of Notes, calculated as of 11:00 a.m., New York City time, today, June 17, 2026, in accordance with the Offer to Purchase.

Series of Notes

CUSIP/ISIN Number (1)

Aggregate Principal Amount Outstanding

Acceptance Priority Level

Reference Security

Reference Yield

Bloomberg Reference Page

Fixed Spread (Basis Points)

Total Consideration (2)

4.926% Senior   Notes due 2037

144A: 11135FBV2 /  US11135FBV22 RegS: U1109MBA3 / USU1109MBA37

$2,500,000,000

1

4.375% U.S.  Treasury due May 15, 2036

‌     4.443%

FIT 1

+70

$982.01

4.900% Senior Notes due 2038

11135FCX7 / US11135FCX78

$1,750,000,000

2

4.375% U.S.  Treasury due  May 15, 2036

‌     4.443%

FIT 1

+80

$970.29

5.050% Senior Notes due 2030

11135FCF6 / US11135FCF62

$800,000,000

3

4.125% U.S.  Treasury due May 31, 2031

‌     4.177%

FIT 1

+25

$1,021.24

5.200% Senior  Notes due 2032

11135FCG4 / US11135FCG46

$1,100,000,000

4

4.125% U.S.  Treasury due May 31, 2031

‌     4.177%

FIT 1

+55

$1,023.23

5.150% Senior  Notes due 2031

11135FBY6 / US11135FBY60

$1,500,000,000

5

4.125% U.S.  Treasury due  May 31, 2031

‌     4.177%

FIT 1

+50

$1,021.77

4.900% Senior  Notes due 2032

11135FCL3 / US11135FCL31

$1,750,000,000

6

4.125% U.S. Treasury due May 31, 2031

‌     4.177%

FIT 1

+65

$1,003.73

______________________

(1)   No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed above.

(2)   Represents the total consideration for each Series of Notes (the "Total Consideration") payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase.

The Total Consideration for each Series of Notes payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase has been based on the applicable Fixed Spread for such Series of Notes, plus the Reference Yield based on the bid-side price of the applicable Reference Security as quoted on the applicable Bloomberg Reference Page as of 11:00 a.m., New York City time, today, June 17, 2026. The Total Consideration does not include the applicable Accrued Coupon Payment, which will be payable in cash in addition to the applicable Total Consideration.

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 Guaranteed Delivery Settlement Date will be the first business day after the Guaranteed Delivery Date and is expected to be June 23, 2026. The Offers are subject to certain conditions as described in the Offer to Purchase. If any condition is not satisfied, Broadcom is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each case subject to applicable law, and may terminate or alter any or all of the Offers.

Broadcom has retained Barclays Capital Inc. and Citigroup Global Markets Inc. to act as dealer managers (the "Dealer Managers") for the Offers. D.F. King & Co., Inc. is acting as the Tender and Information Agent for the Offers. For additional information, please contact: Barclays Capital Inc. at +1 (800) 438-3242 (toll-free) or +1 (212) 528-7581 (collect); or Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect). Requests for documents and questions regarding the tendering of Notes may be directed to D.F. King & Co., Inc. by telephone at +1 (212) 257-2468 (for banks and brokers only) and +1 (800) 967-7635 (for all others toll-free), by email at avgo@dfking.com or to the Dealer Managers at their respective telephone numbers. Copies of the Offer to Purchase and the Notice of Guaranteed Delivery are available at: www.dfking.com/avgo. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offers are made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase. None of Broadcom, the Dealer Managers or the Tender and Information Agent makes any recommendations as to whether Holders should tender their Notes pursuant to the Offers. Holders must make their own decisions as to whether to tender Notes, and, if so, the principal amount of Notes to tender.

Forward-Looking Statements

This press release contains forward-looking statements (within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). These forward-looking statements are based on current expectations and beliefs of Broadcom's management, current information available to Broadcom's management, and current market trends and market conditions, and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, undue reliance should not be placed on such statements. All forward-looking statements are qualified in their entirety by reference to the risk factors discussed under the heading "Risk Factors" in Broadcom's Annual Report on Form 10-K for the year ended November 2, 2025, Quarterly Reports on Form 10-Q for the periods ended February 1, 2026 and May 3, 2026, and any subsequent reports that are filed with the Securities and Exchange Commission and include some important risk factors that may affect future results. Broadcom undertakes no intent or obligation to publicly update or revise the forward-looking statements made in this press release, except as required by law.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations' complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA.

Contact

Ji Yoo
Investor Relations
investor.relations@broadcom.com
650-427-6000

(AVGO-Q)

View original content:https://www.prnewswire.com/news-releases/broadcom-inc-announces-pricing-terms-of-offers-to-purchase-for-cash-certain-of-its-outstanding-debt-securities-302803433.html

SOURCE Broadcom Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Broadcom (NASDAQ: AVGO) announce about its debt tender offers on June 17, 2026?

Broadcom announced pricing terms for cash tender offers to purchase certain outstanding senior notes. According to Broadcom, the offers cover six note series, with an aggregate purchase price consideration cap of $2.5 billion, excluding accrued coupon, subject to the terms and conditions of the Offer to Purchase.

Which Broadcom (AVGO) senior notes are included in the June 2026 cash tender offers?

The offers include 4.926% notes due 2037, 4.900% notes due 2038, 5.050% notes due 2030, 5.200% notes due 2032, 5.150% notes due 2031, and 4.900% notes due 2032. According to Broadcom, each series has a specified acceptance priority level and total consideration.

What is the $2.5 billion consideration cap in Broadcom’s June 2026 tender offers for AVGO notes?

The consideration cap is the maximum aggregate purchase price of $2.5 billion, excluding accrued coupon payments, for all notes purchased. According to Broadcom, this cap applies across the six note series and may be increased at its discretion, but Broadcom is under no obligation to do so.

When do Broadcom’s (AVGO) June 2026 note tender offers expire and settle?

The offers are scheduled to expire at 5:00 p.m. New York City time on June 17, 2026. According to Broadcom, the initial settlement date is expected June 18, 2026, with the guaranteed delivery settlement date expected June 23, 2026, subject to satisfaction of offer conditions.

What are the guaranteed delivery procedures for Broadcom’s June 2026 AVGO note tender offers?

Noteholders using guaranteed delivery must tender by 5:00 p.m. New York City time on June 22, 2026. According to Broadcom, this is the Guaranteed Delivery Date, and notes tendered by this method are expected to settle on June 23, 2026, assuming all offer conditions are met.

Can holders withdraw their Broadcom (AVGO) notes tendered in the June 2026 offers?

Notes tendered may be validly withdrawn at any time at or before 5:00 p.m. New York City time on June 17, 2026. According to Broadcom, withdrawal rights may change if the offers are extended, in line with the Offer to Purchase terms and applicable law.