Semiconductor innovator Broadcom Corporation (NASDAQ: BRCM) said it is offering to purchase for cash any and all of its outstanding (a) USD 500,000,000 2.700 percent Senior Notes due 2018, (b) USD 500,000,000 2.500 percent Senior Notes due 2022, (c) USD 350,000,000 3.500 percent Senior Notes due 2024 and (d) USD 250,000,000 4.500 percent Senior Notes due 2034 from holders of the Notes.
The company described the offer to purchase and consent solicitation in a statement dated as of December 30, 2015 to be distributed to Holders.
In conjunction with the Tender Offers, the company is soliciting from the Holders of each Series of Notes consents and waivers with respect to the rights of Holders to require the company to make a Change of Control Offer as a result of the Transactions and with respect to any defaults that might result from the consummation of the Transactions and to certain additional proposed amendments to the base indenture dated as of November 1, 2010, as amended by the supplemental indenture with respect to each Series of Notes.
The Tender Offers commenced on December 30, 2015 and will expire at 12:00 p.m., New York time, on February 1, 2016, unless extended or earlier terminated.
Broadcom is an innovator in semiconductor solutions for wired and wireless communications. Its products deliver voice, video, data and multimedia connectivity in the home, office and mobile environments.