Broadcom Inc. Terminates Material Agreement
Ticker: AVGO · Form: 8-K · Filed: 2025-01-13T00:00:00.000Z
Sentiment: neutral
Topics: agreement-termination, material-event
Related Tickers: AVGO
TL;DR
Broadcom terminated a big deal, details TBD.
AI Summary
On January 13, 2025, Broadcom Inc. filed an 8-K to report the termination of a material definitive agreement and other events. The filing does not specify the counterparty or the nature of the agreement that was terminated, nor does it provide details on the 'other events'.
Why It Matters
The termination of a material definitive agreement could signal a significant shift in Broadcom's business relationships or strategic direction, potentially impacting future revenue streams or operational plans.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement introduces uncertainty about the underlying business relationship and its financial implications.
Key Players & Entities
- Broadcom Inc. (company) — Registrant
- January 13, 2025 (date) — Date of Report
FAQ
What was the material definitive agreement that Broadcom Inc. terminated?
The filing does not specify the name or details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated material definitive agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What are the 'Other Events' mentioned in the filing?
The filing indicates 'Other Events' were reported but does not provide specific details about what these events entail.
What is the potential financial impact of the terminated agreement?
The filing does not provide any information regarding the financial impact of the terminated material definitive agreement.
When did the termination of the material definitive agreement become effective?
The filing states January 13, 2025, as the date of the report and the date as of which the change occurred, implying the termination was effective on or before this date.
From the Filing
0001193125-25-005318.txt : 20250113 0001193125-25-005318.hdr.sgml : 20250113 20250113161611 ACCESSION NUMBER: 0001193125-25-005318 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250113 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Other Events FILED AS OF DATE: 20250113 DATE AS OF CHANGE: 20250113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Broadcom Inc. CENTRAL INDEX KEY: 0001730168 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 352617337 FISCAL YEAR END: 1103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38449 FILM NUMBER: 25526545 BUSINESS ADDRESS: STREET 1: 3421 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 650-427-6000 MAIL ADDRESS: STREET 1: 3421 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 FORMER COMPANY: FORMER CONFORMED NAME: Broadcom Ltd DATE OF NAME CHANGE: 20180201 8-K 1 d925244d8k.htm 8-K 8-K false 0001730168 0001730168 2025-01-13 2025-01-13     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 13, 2025     Broadcom Inc. (Exact Name of Registrant as Specified in Charter)       Delaware   001-38449   35-2617337 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 3421 Hillview Avenue Palo Alto , California 94304 (Address of principal executive offices including zip code) (650) 427-6000 (Registrant’s telephone number, including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Common Stock, $0.001 par value   AVGO   The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.02 Termination of a Material Definitive Agreement. In connection with Broadcom Inc.’s (the “Company”) entry into the Credit Agreement (as defined and discussed in more detail in Item 8.01 below), on January 13, 2025 (the “Closing Date”) the Company terminated all outstanding commitments and repaid all outstanding obligations under the credit agreement, dated as of January 19, 2021 (as previously amended, supplemented or modified, the “Existing Credit Agreement”), among the Company, the lenders and L/C issuers named therein, Bank of America, N.A., as administrative agent, and the other parties from time to time party thereto. The Existing Credit Agreement originally provided for a $7.5 bill