Summary by Futu AI
On October 2, 2024, Broadcom Inc. completed the issuance of $5 billion in senior notes, in an underwriting agreement with J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Truist Securities, Inc. The offering included various tranches with maturity dates ranging from 2028 to 2034 and interest rates between 4.150% and 4.800%. The notes, which are unsecured and unsubordinated, will rank equally with other such obligations of the company. Broadcom intends to use the proceeds for general corporate purposes and debt repayment. The notes were issued under a previously filed registration statement and supplemented by a prospectus supplement filed with the SEC on September 30, 2024.