Broadcom Inc. Announces Results and Upsize of Offers to Purchase for Cash Certain of its Outstanding Debt Securities

Rhea-AI Summary

Broadcom (NASDAQ: AVGO) announced final results of its cash tender offers for several series of outstanding senior notes and an increase in the aggregate purchase cap.

The cash cap was raised from $2.5 billion to $3.0 billion. About $5.5 billion principal was tendered, with roughly $2.9 billion accepted, mainly 4.926% 2037 and 4.900% 2038 notes. Initial settlement is June 18, 2026, with guaranteed delivery settlement on June 23, 2026.

Positive

• Consideration cap increased from $2.5 billion to $3.0 billion for note repurchases
• Approximately $2.9 billion aggregate principal amount of notes accepted for cash purchase
• All validly tendered 4.926% 2037 and 4.900% 2038 notes (including guaranteed delivery) eligible for purchase
• Up to $3.0 billion of outstanding senior notes expected to be reduced following settlements

Negative

• About $5.5 billion principal tendered but only $2.9 billion accepted, leaving ~$2.6 billion unpurchased
• No notes from 5.050% 2030, 5.200% 2032, 5.150% 2031 and 4.900% 2032 series accepted as of Expiration Date

News Market Reaction – AVGO

+4.70%

37 alerts

+4.70% Session close to close

+5.0% Peak in 23 hr 39 min

$1.96T Market Cap

0.4x Rel. Volume

In the Jun 18 session, AVGO gained 4.70%, reflecting a moderate positive market reaction. Argus tracked a peak move of +5.0% during that session. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands Broadcom’s cash tenders to $3.0B, allowing more high‑coupon notes to be re...

Analysis

This announcement expands Broadcom’s cash tenders to $3.0B, allowing more high‑coupon notes to be retired. Recent history mixes positive and negative reactions to news; investors may watch future debt actions and insider activity as key signals.

Key Figures

Original tender cap: $2.5 billion Increased tender cap: $3.0 billion Notes tendered: $5.5 billion +5 more

8 metrics

Original tender cap $2.5 billion Previously announced Consideration Cap Amount for cash tender offers

Increased tender cap $3.0 billion Updated Consideration Cap Amount to repurchase more outstanding notes

Notes tendered $5.5 billion Combined aggregate principal amount of notes validly tendered by expiration

Notes accepted $2.9 billion Aggregate principal amount of notes accepted for purchase

Guaranteed delivery tenders $35.0 million Combined principal of 2037 and 2038 notes tendered via guaranteed delivery

2037 notes tendered $1,843,836,000 Principal amount of 4.926% Senior Notes due 2037 tendered

2038 notes tendered $1,050,537,000 Principal amount of 4.900% Senior Notes due 2038 tendered

Total consideration 2037 $982.01 Total consideration per $1,000 principal of 4.926% Senior Notes due 2037

Historical Context

5 past events · Latest: Jun 11 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 11	Debt tender launch	Positive	+3.6%	Announced cash tender offers for up to $2.5B of senior notes.
Jun 09	AI outlook report	Positive	-0.4%	Released Private Cloud Outlook highlighting AI inference shift to private cloud.
Jun 09	AI platform partnership	Positive	-0.4%	Formed AI XPV Platform targeting over 20GW of global AI compute capacity.
Jun 08	Security investment	Positive	+3.0%	Expanded Spring and Java security investments to address AI‑enabled threats.
Jun 03	Earnings & dividend	Positive	-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.

Pattern Detected

AVGO has shown mixed reactions to positive news, with strong earnings selling off while some strategic and financing updates drew buying.

Key Terms

offer to purchase, notice of guaranteed delivery, guaranteed delivery procedures, accrued coupon payment, +2 more

6 terms

offer to purchase regulatory

"The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 11, 2026"

An offer to purchase is a formal proposal from one party to buy a specific amount of shares or assets from another party at a set price. It matters to investors because it signals interest in acquiring ownership and can influence the value or control of a company. Think of it as someone putting forward a clear, serious offer to buy something they find valuable.

notice of guaranteed delivery regulatory

"and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery")"

A notice of guaranteed delivery is a short, written promise used when investors want to sell shares in a tender offer but cannot deliver the physical or electronic share certificates by the offer deadline. It acts like a post-dated IOU: the seller guarantees they will provide the required documents within a short, specified window while still qualifying for the offer’s price and terms. For investors this preserves their right to participate in a deal while giving extra time to complete paperwork, but it also creates a reliance on timely follow-through to receive payment.

guaranteed delivery procedures regulatory

"tendered pursuant to the Guaranteed Delivery Procedures but remain subject to the Holders' performance"

Guaranteed delivery procedures are a settlement arrangement that lets a buyer or seller complete a trade even when the actual shares or cash cannot be delivered immediately, by promising to provide them within a short, specified window. For investors this works like reserving and paying for an item that will be shipped later: it reduces the risk of a failed trade and allows participation in offerings or market trades despite paperwork or transfer delays, but it also means you should watch the final settlement date and counterparty obligations.

accrued coupon payment financial

"Holders whose Notes have been accepted for purchase will also receive an Accrued Coupon Payment"

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.

tender and information agent regulatory

"D.F. King & Co., Inc., the Tender and Information Agent in connection with the Offers"

A tender and information agent is an independent third party that runs and communicates a formal offer for shareholders to sell or exchange their securities, handling paperwork, collecting acceptances, and answering investor questions. Think of it as the event organizer and help desk for a buyout or exchange offer: it ensures the process runs smoothly, keeps records, and provides reliable, timely information—critical for investors deciding whether to accept an offer.

dealer managers financial

"Broadcom has retained Barclays Capital Inc. and Citigroup Global Markets Inc. to act as dealer managers"

Dealer managers are professionals or firms that coordinate and oversee the process of issuing new securities, such as bonds or stocks, on behalf of companies or governments. They help ensure the offering runs smoothly, find investors, and set the initial price or terms. For investors, dealer managers matter because they influence how efficiently new investments are introduced and how fairly they are priced.

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

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PALO ALTO, Calif., June 17, 2026 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom") today announced the expiration and results of its previously announced cash tender offers (collectively, the "Offers") to purchase any and all of its outstanding 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"). 

Broadcom also announced that it is increasing the aggregate purchase price, excluding the Accrued Coupon Payment, from the previously announced amount of $2.5 billion to $3.0 billion (the "Consideration Cap Amount"). The increased Consideration Cap Amount is sufficient to enable Broadcom to purchase all of the 4.926% Senior Notes due 2037 and 4.900% Senior Notes due 2038, in each case, that were validly tendered prior to or at the Expiration Date, as well as all of the Notes of such Series that were tendered pursuant to the Guaranteed Delivery Procedures.

The Offers were made 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"). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

The Offers expired at 5:00 p.m., New York City time, on June 17, 2026 (the "Expiration Date"). As the Withdrawal Deadline has passed, tendered Notes may no longer be validly withdrawn, except as required by applicable law. The Initial Settlement Date will be June 18, 2026. For the Holders using the Guaranteed Delivery Procedures, the Guaranteed Delivery Date will be 5:00 p.m., New York City time, on June 22, 2026. The Guaranteed Delivery Settlement Date will be June 23, 2026.

According to information provided by D.F. King & Co., Inc., the Tender and Information Agent in connection with the Offers, 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. In addition, as of the Expiration Date, approximately $35.0 million combined aggregate principal amount of 4.926% Senior Notes due 2037 and 4.900% Senior Notes due 2038 were tendered pursuant to the Guaranteed Delivery Procedures but remain subject to the Holders' performance of the delivery requirements under such procedures. The table below provides certain information about the Offers as of the Expiration Date.

Series of Notes						CUSIP/ISIN Number (1)						Aggregate Principal Amount Outstanding							Acceptance Priority Level							Total Consideration (2)							Principal Amount Tendered (3)							Principal Amount Accepted (3)							Principal Amount Reflected in Notices of Guaranteed Delivery
4.926% Senior Notes due 2037						144A: 11135FBV2 / US11135FBV22 RegS: U1109MBA3 / USU1109MBA37						$2,500,000,000							1							$982.01							$1,843,836,000							$1,843,836,000							$17,241,000
4.900% Senior Notes due 2038						11135FCX7 / US11135FCX78						$1,750,000,000							2							$970.29							$1,050,537,000							$1,050,537,000							$17,749,000
5.050% Senior Notes due 2030						11135FCF6 / US11135FCF62						$800,000,000							3							$1,021.24							$571,143,000							—							$9,356,000
5.200% Senior Notes due 2032						11135FCG4 / US11135FCG46						$1,100,000,000							4							$1,023.23							$636,171,000							—							$17,620,000
5.150% Senior Notes due 2031						11135FBY6 / US11135FBY60						$1,500,000,000							5							$1,021.77							$761,332,000							—							$54,393,000
4.900% Senior Notes due 2032						11135FCL3 / US11135FCL31						$1,750,000,000							6							$1,003.73							$628,421,000							—							$10,998,000

______________________

(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.

(3)   The amounts exclude the principal amounts of tendered Notes that remain subject to the Holder's performance of the delivery requirements under the Guaranteed Delivery Procedures.

Broadcom's obligation to complete an Offer with respect to the Notes validly tendered is conditioned on the satisfaction or waiver of conditions described in the Offer to Purchase. For the Notes accepted for purchase, all conditions to the Offer with respect to such Notes were satisfied or waived on or prior to the Expiration Date. On the applicable Settlement Date, Holders whose Notes have been accepted for purchase will also receive an Accrued Coupon Payment. The Notes validly tendered but not accepted for purchase will be returned promptly to the tendering Holders in accordance with the Offer to Purchase.

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 were 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.

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)

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SOURCE Broadcom Inc.

FAQ

What did Broadcom (AVGO) announce about its June 2026 debt tender offers?

Broadcom announced the expiration, results and cap increase of its June 2026 cash tender offers for several senior notes. According to Broadcom, about $5.5 billion principal was tendered and roughly $2.9 billion of notes were accepted for purchase, subject to settlement.

How much debt is Broadcom (AVGO) repurchasing in its June 2026 tender offers?

Broadcom is accepting for purchase about $2.9 billion aggregate principal amount of notes in the offers. According to Broadcom, the increased $3.0 billion consideration cap allows purchase of all validly tendered 4.926% 2037 and 4.900% 2038 notes, including guaranteed delivery tenders.

What is the new cash cap for Broadcom (AVGO) senior notes tender offers?

The aggregate purchase price cap was increased from $2.5 billion to $3.0 billion, excluding accrued coupons. According to Broadcom, this higher consideration cap is sufficient to buy all tendered 4.926% 2037 and 4.900% 2038 notes under the offers, including guaranteed delivery amounts.

Which Broadcom (AVGO) bond series are being fully purchased in the June 2026 tender?

All validly tendered 4.926% Senior Notes due 2037 and 4.900% Senior Notes due 2038 are being purchased. According to Broadcom, the $3.0 billion consideration cap covers all such tenders, including those submitted via guaranteed delivery procedures by the deadline.

What are the key settlement dates for Broadcom (AVGO) June 2026 debt tender offers?

The initial settlement date is June 18, 2026, with guaranteed delivery settlement on June 23, 2026. According to Broadcom, the guaranteed delivery date for holders is June 22, 2026, at 5:00 p.m. New York City time, subject to delivery conditions.

How many Broadcom (AVGO) notes tendered were not accepted in the June 2026 offer?

Approximately $2.6 billion principal of tendered notes were not accepted, based on $5.5 billion tendered and $2.9 billion accepted. According to Broadcom, notes validly tendered but not accepted will be returned promptly to holders in line with offer terms.

Did Broadcom (AVGO) accept tenders for its 2030–2032 senior notes in June 2026?

No principal from the 5.050% 2030, 5.200% 2032, 5.150% 2031 and 4.900% 2032 notes was accepted as of the expiration. According to Broadcom’s tender table, accepted amounts for these four series were shown as zero at the expiration date.