Item 1.01 Entry into a Material Definitive Agreement
On March 31, 2021, Broadcom Inc. (the “Company”) completed the early settlement of its previously announced private offers to exchange (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) certain specified series of its or its subsidiaries’ issued and outstanding notes (collectively, the “Existing Notes”) for new 3.419% Senior Notes due 2033 (the “New 2033 Notes”) and new 3.469% Senior Notes due 2034 (the “New 2034 Notes” and, together with the New 2033 Notes, the “New Notes”), as applicable, the complete terms and conditions of which are set forth in an offering memorandum, dated March 15, 2021 (the “Offering Memorandum”).
Pursuant to the Exchange Offers, the aggregate principal amount of each series of the Existing Notes set forth below was validly tendered, accepted for exchange by the Company and subsequently cancelled (i) $414,931,000 aggregate principal amount of 3.125% Senior Notes due 2025, issued by Broadcom Corporation, a California corporation (“Broadcom Corporation”), (ii) $1,002,653,000 aggregate principal amount of 4.700% Senior Notes due 2025, issued by the Company, (iii) $832,414,000 aggregate principal amount of 3.150% Senior Notes due 2025, issued by the Company, (iv) $523,527,000 aggregate principal amount of 3.625% Senior Notes due 2024, issued by Broadcom Corporation, (v) $422,263,000 aggregate principal amount of 3.625% Senior Notes due 2024, issued by the Company, (vi) $1,317,164,000 aggregate principal amount of 4.250% Senior Notes due 2026, issued by the Company, (vii) $987,046,000 aggregate principal amount of 3.875% Senior Notes due 2027, issued by Broadcom Corporation. The Company did not accept any of the tendered 4.700% Senior Notes due 2027, issued by CA, Inc., a Delaware corporation (“CA, Inc.”) or 3.459% Senior Notes due 2026, issued by the Company.
Following such cancellation, the aggregate principal amount of each series of Existing Notes set forth below remain outstanding: (i) $585,069,000 aggregate principal amount of 3.125% Senior Notes due 2025, issued by Broadcom Corporation, (ii) $1,247,347,000 aggregate principal amount of 4.700% Senior Notes due 2025, issued by the Company, (iii) $1,417,586,000 aggregate principal amount of 3.150% Senior Notes due 2025, issued by the Company, (iv) $828,601,000 aggregate principal amount of 3.625% Senior Notes due 2024, issued by Broadcom Corporation, (v) $622,146,000 aggregate principal amount of 3.625% Senior Notes due 2024, issued by the Company, (vi) $1,182,836,000 aggregate principal amount of 4.250% Senior Notes due 2026, issued by the Company, (vii) $3,812,954,000 aggregate principal amount of 3.875% Senior Notes due 2027, issued by Broadcom Corporation, (viii) $350,000,000 aggregate principal amount of 4.700% Senior Notes due 2027, issued by CA, Inc., and (ix) $1,695,320,000 aggregate principal amount of 3.459% Senior Notes due 2026, issued by the Company.