Broadcom selling $600 million of 10-, 30-year notes Thursday

By Aleesia Forni

Virginia Beach, July 24 – Broadcom Corp. is in Thursday’s market with a $600 million offering of senior notes in tranches due 2024 and 2044, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds from the offering will be used for general corporate purposes, including the potential redemption of up to $400 million of the company’s 2.375% senior notes due 2015.

The company makes semiconductors for wired and wireless communication and is based in Irvine, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.