The company’s decision to increase the consideration cap from an initial $2.5 billion ensures the full acquisition of all validly tendered 4.926% notes due 2037 and 4.900% notes due 2038. According to D.F. King & Co., which acted as the tender agent, approximately $2.9 billion in aggregate principal has been accepted for purchase as of the June 17 expiration date.

While the offer attracted interest across six different series of debt, priority was given to the 2037 and 2038 instruments. Notes that were tendered but not accepted for purchase will be returned to holders, while those accepted will receive an accrued coupon payment upon the June 18 settlement. Barclays Capital and Citigroup Global Markets managed the transaction, which concludes as Broadcom continues to refine its capital structure amid shifting market conditions.