Broadcom Pays Off Outstanding Loans Using $6 Billion Sale of Senior Notes

Published: 2025-07-11 17:15:08 ET AVGO

Published on 07/11/2025 at 17:15

By Kelly Cloonan

Broadcom said it has repaid loans using proceeds from the sale of $6 billion in senior notes.

The maker of semiconductors and software said it paid off $6 billion in term loans outstanding under a 2023 credit agreement, according to a filing with the Securities and Exchange Commission on Friday.

The company has now repaid all outstanding obligations under the agreement, which provided for a $30.4 billion term loan credit facility that would have matured in 2028, it said.

The company paid off the loans using net proceeds from the sale of $6 billion in senior notes, together with cash on hand, it said.

Broadcom sold the notes to underwriters including J.P. Morgan Securities, Morgan Stanley and Wells Fargo Securities.

The sale included $1.75 billion in 4.6% senior notes set to mature in 2030, $1.75 billion in 4.9% senior notes due in 2032 and $2.5 billion in 5.2% senior notes that will mature in 2035, the company said.

Write to Kelly Cloonan at [email protected]

(END) Dow Jones Newswires

07-11-25 1714ET