Filed Pursuant to Rule 424(b)(2)
Registration No. 333-280715
PROSPECTUS SUPPLEMENT
(To prospectus dated July 8, 2024)
$5,000,000,000
$1,250,000,000 5.050% Senior Notes due 2027
$2,250,000,000 5.050% Senior Notes due 2029
$1,500,000,000 5.150% Senior Notes due 2031
Broadcom Inc. (the “Issuer,” “we,” “us” or “our”), a Delaware corporation, is offering three series of notes consisting of $1,250,000,000 aggregate principal amount of its 5.050% senior notes due 2027 (the “2027 Notes”), $2,250,000,000 aggregate principal amount of its 5.050% senior notes due 2029 (the “2029 Notes”) and $1,500,000,000 aggregate principal amount of its 5.150% senior notes due 2031 (the “2031 Notes”) (collectively, the “Notes”).
Each of the 2027 Notes, the 2029 Notes and the 2031 Notes is referred to as a “series” of Notes.
The 2027 Notes will accrue interest at a rate of 5.050% per year and mature on July 12, 2027. The 2029 Notes will accrue interest at a rate of 5.050% per year and mature on July 12, 2029. The 2031 Notes will accrue interest at a rate of 5.150% per year and mature on November 15, 2031. Interest will be payable semi-annually in arrears on January 12 and July 12 of each year, beginning on January 12, 2025 and accruing from July 12, 2024, in respect of the 2027 Notes and the 2029 Notes. Interest will be payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2024 and accruing from July 12, 2024, in respect of the 2031 Notes.
We intend to use the net proceeds from the sale of the Notes for general corporate purposes and for repayment of debt. See “Use of Proceeds.”
We may redeem any series of Notes at our option, in whole or in part, at any time and from time to time, at the redemption prices discussed under the caption “Description of the Notes—Optional Redemption.” If a Change of Control Triggering Event (as defined herein) occurs, we may be required to repurchase the Notes from holders. See “Description of the Notes—Purchase of Notes upon a Change of Control Triggering Event.”
The Notes will be our unsecured and unsubordinated obligations and will rank equally in right of payment with all of our other unsecured and unsubordinated obligations. The Notes will be effectively subordinated in right of payment to any of our existing and future secured indebtedness to the extent of the assets securing such indebtedness. The Notes will not be guaranteed by any of our subsidiaries and will therefore be structurally subordinated to the indebtedness and other liabilities of our subsidiaries.
The Notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
For a more detailed description of the Notes, see “
Description of the Notes” beginning on page S-
18.
Investing in the Notes involves risks. See “
Risk Factors” beginning on page S-
8 to read about factors you should consider before buying the Notes.
Public offering price(1) | | | 99.983% | | | $1,249,787,500 | | | 99.869% | | | $2,247,052,500 | | | 99.838% | | | $1,497,570,000 |
Underwriting discounts | | | 0.300% | | | $3,750,000 | | | 0.400% | | | $9,000,000 | | | 0.450% | | | $6,750,000 |
Proceeds to Broadcom
(before expenses)(1)
| | | 99.683% | | | $1,246,037,500 | | | 99.469% | | | $2,238,052,500 | | | 99.388% | | | $1,490,820,000 |
(1)
| Plus accrued and unpaid interest from July 12, 2024 to the date of delivery. |
Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the Notes to purchasers through the book-entry delivery system of The Depository Trust Company and its participants, including Euroclear Bank S.A./N.V. and Clearstream Banking, S.A. on or about July 12, 2024, which will be the fourth business day following the date of this prospectus supplement (such settlement being referred to as “T+4”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), trades in the secondary market are generally required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes more than one business day prior to the scheduled settlement date will be required, by virtue of the fact that the Notes initially settle in T+4, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of such Notes who wish to trade Notes prior to the date of delivery should consult their advisors.
Joint Book-Running Managers
BofA Securities | | | BNP PARIBAS | | | HSBC |
Barclays | | | Citigroup | | | J.P. Morgan |
TD Securities | | | | | | Wells Fargo Securities |
The date of this prospectus supplement is July 8, 2024