Broadcom Secures  Billion Debt Offering Amid Strong AI Growth

Broadcom Secures $3 Billion Debt Offering Amid Strong AI Growth

On Jan 12, Semiconductor and infrastructure software solutions provider Broadcom (AVGO, Financial) issued $3 million in senior notes. The offering comprises three tranches: $800M of 5.050% notes due 2030, $1.1bn of 5.200% notes due 2032, and $1.1bn of 4.800% notes due 2028. Broadcom’s notes are unsecured, on a paper with Broadcom’s then outstanding unsecured debt, and not contingent upon the guarantee by Broadcom’s subsidiaries.

The company stated that the money would be used for…

Article Source
https://uk.finance.yahoo.com/news/broadcom-secures-3-billion-debt-100935049.html

More From Author

Milagro on Oracle offers low-income housing for seniors

Milagro on Oracle offers low-income housing for seniors

Chromecast with Google TV gets first update of 2025, no Android 14

Chromecast with Google TV gets first update of 2025, no Android 14

Listen to the Podcast Overview

Watch the Keynote