Broadcom Shares Up; Offering Notes to Repay Debt
May 05 2020 - 10:19AM
Dow Jones News
By Michael Dabaie
Broadcom Inc. shares were up in early trading.
The semiconductor and infrastructure software solutions company
was trading 1.7% higher at $266.61 in early trading.
Broadcom earlier said it plans to offer senior notes. Broadcom
said it intends to use the net proceeds from the sale of the new
notes to repay, retire or repurchase some of its subsidiaries'
existing indebtedness.
S&P Global Ratings assigned a 'BBB-' issue-level rating to
Broadcom's proposed senior unsecured notes.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 05, 2020 10:04 ET (14:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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