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    SEC Form 8-K filed by Broadcom Inc.

    1/13/26 4:06:00 PM ET
    $AVGO
    Semiconductors
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    8-K
    false 0001730168 0001730168 2026-01-13 2026-01-13
     
     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(d)

    OF THE SECURITIES EXCHANGE ACT OF 1934

    Date of Report (Date of earliest event reported): January 13, 2026

     

     

    Broadcom Inc.

    (Exact Name of Registrant as Specified in Charter)

     

     

     

    Delaware   001-38449   35-2617337
    (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

    3421 Hillview Avenue

    Palo Alto, California 94304

    (Address of principal executive offices including zip code)

    (650) 427-6000

    (Registrant’s telephone number, including area code)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of Each Class

     

    Trading Symbol(s)

     

    Name of Each Exchange on Which Registered

    Common Stock, $0.001 par value   AVGO   The NASDAQ Global Select Market

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     
     


    Item 8.01

    Other Events.

    On January 6, 2026, Broadcom Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC, acting for themselves and as representatives of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $4,500,000,000 aggregate principal amount of its senior notes, consisting of $750,000,000 aggregate principal amount of its 4.300% senior notes due 2031 (the “2031 Notes”), $1,250,000,000 aggregate principal amount of its 4.600% senior notes due 2033 (the “2033 Notes”), $1,250,000,000 aggregate principal amount of its 4.950% senior notes due 2036 (the “2036 Notes”) and $1,250,000,000 aggregate principal amount of its 5.700% senior notes due 2056 (the “2056 Notes” and together with the 2031 Notes, the 2033 Notes and the 2036 Notes, the “Notes”).

    The Notes were registered under the Securities Act of 1933, as amended (the “Act”), pursuant to the Company’s registration statement on Form S-3ASR (File No. 333-280715) (the “Registration Statement”), dated July 8, 2024. On January 8, 2026, the Company filed with the U.S. Securities and Exchange Commission (the “SEC”) a prospectus supplement (the “Prospectus Supplement”), containing the final terms of the Notes pursuant to Rule 424(b)(2) of the Act. The Notes were sold pursuant to the Underwriting Agreement and were issued pursuant to the Prospectus Supplement. The Notes are governed by the Indenture, dated July 12, 2024 (the “Base Indenture”), between the Company and Wilmington Trust, National Association, as trustee (the “Trustee”), as supplemented by the Supplemental Indenture No. 6, dated January 13, 2026 (the “Supplemental Indenture”), between the Company and the Trustee.

    The 2031 Notes will mature on January 15, 2031, the 2033 Notes will mature on January 15, 2033, the 2036 Notes will mature on January 15, 2036 and the 2056 Notes will mature on January 15, 2056. The Notes are unsecured, unsubordinated obligations of the Company and will rank equally in right of payment with all of the Company’s existing and future unsecured, unsubordinated indebtedness, liabilities and other obligations. The Notes will not be guaranteed by any of the Company’s subsidiaries and will therefore be structurally subordinated to the indebtedness and other liabilities of the Company’s subsidiaries.

    The Company expects to use the net proceeds from the sale of the Notes for general corporate purposes and for repayment of debt. In connection with such repayment, on January 7, 2026, (x) the Company provided notice to holders of (i) the outstanding 4.110% Senior Notes due 2028 (the “4.110% Notes”), issued pursuant to that certain Indenture, dated as of May 21, 2020 (as amended, supplemented or otherwise modified from time to time with respect to the 4.110% Notes, the “4.110% Indenture”), by and between the Company and Wilmington Trust, National Association, (ii) the outstanding 4.150% Senior Notes due 2028 (the “4.150% Notes”), issued pursuant to the Base Indenture (as amended, supplemented or otherwise modified from time to time with respect to the 4.150% Notes, the “4.150% Indenture”) and (iii) the outstanding 5.050% Senior Notes due 2027 (the “5.050% Notes”), issued pursuant to the Base Indenture (as amended, supplemented or otherwise modified from time to time with respect to the 5.050% Notes, the “5.050% Indenture”) and (y) the Company’s subsidiary VMware LLC (f/k/a VMware, Inc.) (“VMware”) gave notice to holders of its outstanding 3.900% Senior Notes due 2027 (the “3.900% Notes” and, together with the 4.110% Notes, the 4.150% Notes and the 5.050% Notes, collectively the “Redeemed Notes”) issued pursuant to that certain Indenture, dated as of August 21, 2017 (as amended, supplemented or otherwise modified from time to time with respect to the 3.900% Notes, the “3.900% Indenture” and, together with the 4.110% Indenture, the 4.150% Indenture and the 5.050% Indenture, each an “Indenture”), by and between VMware and The Bank of New York Mellon Trust Company, N.A., that, in the case of the 4.110% Notes, on January 22, 2026, in the case of the 4.150% Notes and the 5.050% Notes, on January 17, 2026, and in the case of the 3.900% Notes, on February 6, 2026 (each date, a “Redemption Date”), the Company or VMware, as applicable, will redeem an aggregate principal amount of $1,118,175,000 of 4.110% Notes outstanding, an aggregate principal amount of $875,000,000 of 4.150% Notes outstanding, an aggregate principal amount of $757,000,000 of 5.050% Notes outstanding and an aggregate principal amount of $1,250,000,000 of 3.900% Notes outstanding, which, in the case of the 4.110% Notes, the 4.150% Notes and the 3.900% Notes, comprises the full aggregate principal amount of Redeemed Notes outstanding under such series.

    Each series of Redeemed Notes will be redeemed at a redemption price equal to the greater of (x) 100% of the principal amount of the Redeemed Notes to be redeemed and (y) the sum of the present values of the remaining scheduled payments of principal and interest thereon assuming the Redeemed Notes matured on the respective Par Call Date (as defined in the respective Indenture), discounted to the respective Redemption Date on a semi-annual basis at the Treasury Rate (as defined in the respective Indenture) plus, in the case of the 4.110% Notes, 50 basis

     


    points, in the case of the 4.150% Notes, 10 basis points, in the case of the 5.050% Notes, 10 basis points and, in the case of the 3.900% Notes, 25 basis points, plus accrued and unpaid interest to, but excluding, the applicable Redemption Date in accordance with the terms of the applicable Indenture for such series of Redeemed Notes.

    Please refer to the Prospectus Supplement dated January 6, 2026 for additional information regarding the Notes offering and the material terms and conditions of the Notes. The foregoing summary of the Notes does not purport to be complete and is qualified in its entirety by reference to the full text of (i) the Underwriting Agreement attached hereto as Exhibit 1.1; (ii) the Base Indenture, filed as Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on July 12, 2024, a copy of which is attached hereto as Exhibit 4.1; (iii) the Supplemental Indenture attached hereto as Exhibit 4.2; and (iv) the forms of Notes attached hereto as Exhibits 4.3 through 4.6, inclusive, each of which are incorporated by reference herein.

     

    Item 9.01

    Financial Statements and Exhibits.

    (d) Exhibits

     

    Exhibit No.

      

    Description

    1.1    Underwriting Agreement, dated January 6, 2026, by and among Broadcom Inc. and BofA Securities, Inc. and J.P. Morgan Securities LLC (acting for themselves and as representatives of the several underwriters named therein).
    4.1    Indenture, dated July 12, 2024, between Broadcom Inc. and Wilmington Trust, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Broadcom Inc. Current Report on Form 8-K (File No. 001-38449) filed with the SEC on July 12, 2024).
    4.2    Supplemental Indenture No. 6, dated January 13, 2026, between Broadcom Inc. and Wilmington Trust, National Association, as trustee.
    4.3    Form of 4.300% Note due 2031 (included in Exhibit 4.2 to this Current Report on Form 8-K).
    4.4    Form of 4.600% Note due 2033 (included in Exhibit 4.2 to this Current Report on Form 8-K).
    4.5    Form of 4.950% Note due 2036 (included in Exhibit 4.2 to this Current Report on Form 8-K).
    4.6    Form of 5.700% Note due 2056 (included in Exhibit 4.2 to this Current Report on Form 8-K).
    5.1    Opinion of Wachtell, Lipton, Rosen & Katz, dated January 13, 2026, with respect to the Notes.
    23.1    Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 5.1 to this Current Report on Form 8-K).
    104    Cover Page Interactive Data File (formatted as Inline XBRL).

     


    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    Date: January 13, 2026

     

    Broadcom Inc.
    By:  

    /s/ Kirsten M. Spears

    Name:   Kirsten M. Spears
    Title:   Chief Financial Officer and Chief Accounting Officer
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