Broadcom plans to offer senior notes in private offering

Chicago, March 29 – Broadcom Inc. announced that it intends to offering senior notes in a private offering, subject to market conditions.

Proceeds will be used to pay down debt under its existing credit agreement.

The proposed Rule 144A and Regulation S notes will be guaranteed by certain of the company’s subsidiaries, according to a press release.

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

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