Broadcom Inc. Commences Offers to Purchase for Cash Certain of its Outstanding Debt Securities

Rhea-AI Summary

Broadcom (NASDAQ: AVGO) launched cash tender offers to purchase up to $2.5 billion of selected outstanding senior notes across six series, in order of defined acceptance priority levels.

Total consideration per $1,000 principal will be set June 17, 2026, with expiration that day at 5:00 p.m. New York City time and settlement expected June 18 and June 23, 2026, subject to conditions and a guaranteed delivery deadline of June 22, 2026.

Positive

• Up to $2.5 billion of senior notes targeted for cash repurchase
• Six note series included, with clear acceptance priority framework
• Tender offers not subject to a financing condition or minimum tender amount
• Price set via transparent Treasury reference yield plus fixed spread methodology

Negative

• Potential cash outlay up to $2.5 billion to repurchase notes
• Acceptances subject to conditions and consideration cap; some notes may not be purchased
• Holders face tight decision window with expiration on June 17, 2026

News Market Reaction – AVGO

+3.62%

+3.62% Session close to close

In the Jun 11 session, AVGO gained 3.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement outlines Broadcom’s plan to repurchase certain long-dated senior notes via cash te...

Analysis

This announcement outlines Broadcom’s plan to repurchase certain long-dated senior notes via cash tender offers capped at $2.5 billion, specifying series, spreads, and timelines through June 22, 2026. It follows recent filings showing strong revenue growth and substantial existing debt. Investors may monitor final take-up across the different series, subsequent debt balances, and how this liability-management step interacts with Broadcom’s broader capital allocation and AI-driven growth strategy.

Key Figures

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

8 metrics

Tender cap amount $2.5 billion Aggregate purchase price cap for all notes, excluding accrued coupon

4.926% 2037 notes outstanding $2,500,000,000 Aggregate principal of 4.926% Senior Notes due 2037

4.900% 2038 notes outstanding $1,750,000,000 Aggregate principal of 4.900% Senior Notes due 2038

5.050% 2030 notes outstanding $800,000,000 Aggregate principal of 5.050% Senior Notes due 2030

5.200% 2032 notes outstanding $1,100,000,000 Aggregate principal of 5.200% Senior Notes due 2032

5.150% 2031 notes outstanding $1,500,000,000 Aggregate principal of 5.150% Senior Notes due 2031

4.900% 2032 notes outstanding $1,750,000,000 Aggregate principal of 4.900% Senior Notes due 2032

Price determination time 11:00 a.m. June 17, 2026 Time reference yield and total consideration are set for each series

Historical Context

5 past events · Latest: Jun 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 09	AI cloud outlook	Positive	-0.4%	Report on AI inference shift toward private cloud and spending trends.
Jun 09	AI funding platform	Positive	-0.4%	Launch of AI XPV Platform targeting over 20 GW of AI capacity.
Jun 08	Security investment	Positive	+3.0%	Expanded Spring and Java ecosystem security and AI-driven analysis.
Jun 03	Earnings & dividend	Positive	-12.6%	Strong Q2 results, AI growth, raised outlook, and declared dividend.
Jun 01	AI edge portfolio	Positive	+4.7%	Launch of Edge AI broadband and Wi‑Fi 8 product lineup.

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

Pattern Detected

Recent history shows AVGO often posting negative or muted next-day moves even on strong fundamental or strategic news, with occasional sharp rallies on product and AI-related announcements.

Recent Company History

Over the past weeks, Broadcom has reported very strong Q2 FY26 results on Jun 03 with revenue of $22.2 billion, up 48% year over year, plus higher guidance and a $0.65 dividend, yet the stock fell 12.59% the next day. Multiple AI-focused releases in early June, including cloud, security, and edge connectivity initiatives, saw mixed price reactions between about -0.37% and +4.7%. Against that backdrop, the current debt tender follows a stretch of strong operational news but uneven share performance.

Key Terms

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

8 terms

cash tender offers financial

"announced that it has commenced cash tender offers (collectively, the "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 regulatory

"CUSIP/ISIN Number (1)"

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 regulatory

"CUSIP/ISIN Number (1)"

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

par call date financial

"Acceptance Priority Level | | Par Call Date | | Maturity Date"

The par call date is the specific time when a company can choose to pay back a bond or debt in full at its original value, known as the face amount or par value. It matters to investors because it indicates when the issuer might repay the debt early, potentially affecting investment plans or expected income. Think of it like a fixed date when a loan can be fully settled, giving investors clarity on when they might get their money back.

maturity date financial

"Par Call Date | | Maturity Date | | Reference Security"

The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.

View in glossary

basis points financial

"Fixed Spread (Basis Points)"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

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 11, 2026 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom") today announced that it has commenced 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.

Series of Notes

‌

CUSIP/ISIN Number (1)

‌

Aggregate Principal Amount Outstanding

‌

Acceptance Priority Level

‌

Par Call Date

‌

Maturity Date

‌

Reference Security

‌

Bloomberg Reference Page

‌

Fixed Spread (Basis Points)

4.926% Senior  Notes due 2037

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

$2,500,000,000

1

February 15, 2037

May 15,  2037

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

FIT 1

+70

4.900% Senior Notes due 2038

11135FCX7 / US11135FCX78

$1,750,000,000

2

November 15, 2037

February 15, 2038

4.375% U.S. Treasury due May 15, 2036

FIT 1

+80

5.050% Senior Notes due 2030

11135FCF6 / US11135FCF62

$800,000,000

3

March 15, 2030

April 15, 2030

4.125% U.S. Treasury due May 31, 2031

FIT 1

+25

5.200% Senior Notes due 2032

11135FCG4 / US11135FCG46

$1,100,000,000

4

February 15, 2032

April 15, 2032

4.125% U.S. Treasury due May 31, 2031

FIT 1

+55

5.150% Senior Notes due 2031

11135FBY6 / US11135FBY60

$1,500,000,000

5

September 15, 2031

November 15, 2031

4.125% U.S. Treasury due May 31, 2031

FIT 1

+50

4.900% Senior Notes due 2032

11135FCL3 / US11135FCL31

$1,750,000,000

6

May 15, 2032

July 15, 2032

4.125% U.S. Treasury due May 31, 2031

FIT 1

+65

_______________________

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

The Total Consideration for each Series of Notes payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase will be based on either the maturity date or par call date for the applicable Series and the applicable Fixed Spread for such Series of Notes, plus the Reference Yield based on the applicable Reference Security as quoted on the applicable Bloomberg Reference Page as of 11:00 a.m., New York City time, on June 17, 2026, unless extended by Broadcom with respect to the applicable Offer. Promptly after 11:00 a.m., New York City time, on June 17, 2026, the Price Determination Date, unless extended with respect to any Offer, Broadcom will announce in a press release, among other things, the Total Consideration applicable to each Series of Notes accepted for purchase. In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase pursuant to an Offer will receive an Accrued Coupon Payment.

The Offers are scheduled to expire on the Expiration Date, which is 5:00 p.m., New York City time, on 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, on 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. The Offers are not conditioned on the tender of any aggregate minimum principal amount of Notes of any Series (subject to minimum denomination requirements as set forth in the Offer to Purchase), the Offers are not subject to a financing condition, and none of the Offers is conditioned on the consummation of any of the other Offers by Broadcom.

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. will act 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.

Holders of Notes are advised to check with each bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

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)

 

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SOURCE Broadcom Inc.

FAQ

What did Broadcom (NASDAQ: AVGO) announce about its June 2026 cash tender offers?

Broadcom announced cash tender offers to purchase up to $2.5 billion of certain outstanding senior notes. According to Broadcom, six note series are eligible, prioritized by acceptance level and priced using Treasury-based yields plus fixed spreads.

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

The offers cover six series: 4.926% 2037, 4.900% 2038, 5.050% 2030, 5.200% 2032, 5.150% 2031, and 4.900% 2032 senior notes. According to Broadcom, each series has defined acceptance priority and outstanding principal amounts listed in the offer materials.

What is the expiration date for Broadcom’s June 2026 cash tender offers for AVGO notes?

The tender offers are scheduled to expire at 5:00 p.m. New York City time on June 17, 2026. According to Broadcom, noteholders can withdraw tenders until that time, with settlement expected the next business day, subject to conditions.

How will Broadcom determine the cash consideration for each AVGO note series in the tender?

Total consideration per $1,000 principal will use a reference Treasury yield plus a fixed spread for each series. According to Broadcom, pricing will be set at 11:00 a.m. New York City time on June 17, 2026, unless extended.

What are the key dates for guaranteed delivery in Broadcom’s June 2026 AVGO note tender?

The guaranteed delivery deadline is 5:00 p.m. New York City time on June 22, 2026. According to Broadcom, the guaranteed delivery settlement date is expected to be June 23, 2026, one business day after the guaranteed delivery date.

Are Broadcom’s June 2026 AVGO note tender offers subject to financing or minimum tender conditions?

The offers are not subject to a financing condition or any aggregate minimum principal tender requirement. According to Broadcom, each tender is still subject to stated offer conditions and the overall $2.5 billion consideration cap.