Summary by Futu AI
Broadcom Inc. has announced the issuance of four series of senior notes with varying maturity dates and interest rates. The offering includes an aggregate principal amount of senior notes due in 20XX, 20XX, 20XX, and 20XX, with interest rates to be determined. The notes will accrue interest from the date of issue and are payable semi-annually, beginning in 2025. Broadcom intends to use the net proceeds for general corporate purposes and debt repayment. The notes are unsecured and rank equally with Broadcom's other unsecured and unsubordinated obligations. The offering is subject to completion, with the preliminary prospectus supplement dated September 26, 2024, and the notes expected to be delivered on or about a specified date in 2024. The underwriters for the offering are J.P. Morgan, TD Securities, and Truist Securities.