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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