Filed Pursuant to Rule 424(b)(2)
Registration No. 333-280715
PROSPECTUS SUPPLEMENT
(To prospectus dated July 8, 2024)
$3,000,000,000
$1,100,000,000 4.800% Senior Notes due 2028
$800,000,000 5.050% Senior Notes due 2030
$1,100,000,000 5.200% Senior Notes due 2032
Broadcom Inc. (the Issuer, we, us or our), a Delaware corporation, is offering three series of
notes consisting of $1,100,000,000 aggregate principal amount of its 4.800% senior notes due 2028 (the 2028 Notes), $800,000,000 aggregate principal amount of its 5.050% senior notes due 2030 (the 2030 Notes) and
$1,100,000,000 aggregate principal amount of its 5.200% senior notes due 2032 (the 2032 Notes) (collectively, the Notes).
Each of the 2028 Notes, the 2030 Notes and the 2032 Notes is referred to as a series of Notes.
The 2028 Notes will accrue interest at a rate of 4.800% per year and mature on April 15, 2028. The 2030 Notes will accrue interest at a rate of
5.050% per year and mature on April 15, 2030. The 2030 Notes will accrue interest at a rate of 5.200% per year and mature on April 15, 2032. Interest on the Notes will be payable semi-annually in arrears on April 15 and October 15 of each year,
beginning on April 15, 2025.
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 NotesOptional 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 NotesPurchase 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 $1,000 in excess thereof.
For a more detailed description of the
Notes, see Description of the Notes beginning on page S-19.
Investing in the Notes involves risks. See Risk Factors beginning on page
S-9 to read about factors you should consider before buying the Notes.
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Per 2028 Note |
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Total |
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Per 2030 Note |
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Total |
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Per 2032 Note |
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Total |
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Public offering price(1) |
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99.867 |
% |
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$ |
1,098,537,000 |
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99.999 |
% |
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$ |
799,992,000 |
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99.883 |
% |
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$ |
1,098,713,000 |
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Underwriting discounts |
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0.300 |
% |
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$ |
3,300,000 |
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0.400 |
% |
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$ |
3,200,000 |
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0.450 |
% |
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$ |
4,950,000 |
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Proceeds to Broadcom (before
expenses)(1) |
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99.567 |
% |
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$ |
1,095,237,000 |
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99.599 |
% |
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$ |
796,792,000 |
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99.433 |
% |
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$ |
1,093,763,000 |
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(1) |
Plus accrued and unpaid interest from January 10, 2025 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 January 10, 2025, 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
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Wells Fargo Securities |
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Citigroup |
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PNC Capital Markets LLC |
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Scotiabank |
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Barclays |
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BNP PARIBAS |
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BofA Securities |
HSBC |
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J.P. Morgan |
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TD Securities |
Co-Managers
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COMMERZBANK |
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Mizuho |
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MUFG |
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RBC Capital Markets |
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SMBC Nikko |
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Truist Securities |
BBVA |
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Santander |
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CIBC Capital Markets |
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Deutsche Bank Securities |
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ING |
The date of this prospectus supplement is January 6, 2025.