Subject to Completion
Preliminary Prospectus Supplement dated September 26, 2024
PRELIMINARY PROSPECTUS SUPPLEMENT
(To prospectus dated
July 8, 2024)
$
$ % Senior Notes due 20
$ % Senior Notes due 20
$ % Senior Notes due 20
$ % Senior Notes due 20
Broadcom Inc. (the Issuer, we, us or our), a Delaware corporation, is offering four series of
notes consisting of $ aggregate principal amount of its % senior notes due 20 (the 20 Notes), $ aggregate principal amount of its % senior
notes due 20 (the 20 Notes), $ aggregate principal amount of its % senior notes due 20 (the 20 Notes) and $ aggregate principal amount
of its % senior notes due 20 (the 20 Notes) (collectively, the Notes).
Each of
the 20 Notes, the 20 Notes, the 20 Notes and the 20 Notes is referred to as a series of Notes.
The 20 Notes will accrue interest at a rate of % per year and mature on , 20 .
The 20 Notes will accrue interest at a rate of % per year and mature on , 20 . The 20 Notes will accrue interest at a rate of % per year and mature on
, 20 . The 20 Notes will accrue interest at a rate of % per year and mature on , 20 . Interest on the Notes will be payable semi-annually in arrears on
and of each year, beginning on , 2025.
We intend to
use the net proceeds from the sale of the Notes for general corporate purposes and for repayment of debt. See Use of Proceeds.
We may redeem any series of Notes at our option, in whole or in part, at any time and from time to time, at the redemption prices discussed
under the caption Description of the NotesOptional Redemption. If a Change of Control Triggering Event (as defined herein) occurs, we may be required to repurchase the Notes from holders. See Description of
the NotesPurchase of Notes upon a Change of Control Triggering Event.
The Notes will be our unsecured and unsubordinated
obligations and will rank equally in right of payment with all of our other unsecured and unsubordinated obligations. The Notes will be effectively subordinated in right of payment to any of our existing and future secured indebtedness to the extent
of the assets securing such indebtedness. The Notes will not be guaranteed by any of our subsidiaries and will therefore be structurally subordinated to the indebtedness and other liabilities of our subsidiaries.
The Notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
For a more detailed description of the Notes, see Description of the Notes beginning on page
S-19.
Investing in the Notes involves risks. See Risk
Factors beginning on page S-9 to read about factors you should consider before buying the Notes.
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Per 20 Note |
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Total |
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Per 20 Note |
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Per 20 Note |
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Per 20 Note |
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Public offering price(1) |
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Underwriting discounts |
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Proceeds to Broadcom (before
expenses)(1) |
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(1) |
Plus accrued and unpaid interest from , 2024 to the date of delivery.
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Neither the U.S. Securities and Exchange Commission (the SEC) nor any state securities commission has
approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the Notes to purchasers through the book-entry delivery system of The Depository Trust Company and its
participants, including Euroclear Bank S.A./N.V. and Clearstream Banking, S.A., on or about , 2024, which will be the business day following the date of this prospectus supplement (such
settlement being referred to as T+ ). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended (the Exchange Act), trades in the secondary market are
generally required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes more than one business day prior to the scheduled settlement date will be required,
by virtue of the fact that the Notes initially settle in T+ , to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of such Notes who wish to trade Notes prior to the
date of delivery should consult their advisors.
Joint Book-Running
Managers
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J.P. Morgan |
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TD Securities |
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Truist Securities |
The date of this prospectus supplement is September , 2024