Broadcom plans to issue up to $10 billion notes in five parts

By Devika Patel and Cristal Cody

Knoxville, Tenn., Jan. 4 – Broadcom Inc. is marketing $8 billion to $10 billion of notes in five tranches, according to an 8-K filing with the Securities and Exchange Commission and a market source.

The notes will include maturities due Feb. 15, 2028 with talk in the 160 basis points area over Treasuries, notes due Feb. 15, 2031 with talk at the 180 bps area over Treasuries, notes due Feb. 15, 2033 with spread talk in the 195 bps area, notes due Feb. 15, 2041 with spread talk in the 210 bps area and notes due Feb. 15, 2051 with spread talk in the 235 bps area.

BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, RBC Capital Markets Corp., SMBC Nikko Securities America Inc. and Truist Securities Inc. are the bookrunners.

Broadcom is a San Jose, Calif.-based designer and developer of semiconductor and infrastructure software solutions.

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