Broadcom Inc. announced that it intends to offer senior notes (the New Notes) and commence concurrent cash tender offers (the Tender Offers and each, a Tender Offer) to purchase the outstanding notes described below, in each case subject to market conditions and other factors. The New Notes will be guaranteed on a senior unsecured basis by certain of Broadcom's subsidiaries. Broadcom intends to use the net proceeds from the sale of the New Notes to repay certain of its existing indebtedness, including funding the purchase of the Tender Offer Notes (defined below) and the payment of accrued and unpaid interest, premiums, if any, fees and expenses in connection therewith. The notes offered to be purchased in the Tender Offers, listed in the order of priority, are the (i) 3.125% senior notes due 2021 of Broadcom Inc., (ii) 3.000% senior notes due 2022 of Broadcom Corporation, (iii) 3.600% senior notes due 2022 of CA Inc., (iv) 3.125% senior notes due 2022 of Broadcom Inc., (v) 2.650% senior notes due 2023 of Broadcom Corporation, (vi) 4.500% senior notes due 2023 of CA Inc. and (vii) 2.250% senior notes due 2023 of Broadcom Inc. (the Tender Offer Notes) up to an aggregate purchase price, excluding accrued and unpaid interest, of $2.75 billion (the Aggregate Purchase Price). Broadcom may, but is under no obligation, to increase the Aggregate Purchase Price based on the proceeds it receives from the sale of the New Notes. In connection with the Tender Offers, Broadcom also intends to commence the solicitation of consents (the Consent Solicitations) to amend the indentures governing each series of Tender Offer Notes to reduce the notice requirements for optional redemption of the applicable series of Tender Offer Notes from 30 days or 15 days, as applicable, to three business days. Consents will not become operative with respect to any series of Tender Offer Notes, the acceptance of which is prorated in the applicable Tender Offer. The terms and conditions of the Tender Offers and Consent Solicitations are described in a separate Offer to Purchase and Solicitation of Consents dated January 4, 2021 (the Statement). The Tender Offers and Consent Solicitations will expire at 11:59 p.m., New York City time, on February 1, 2021 (the Expiration Date), unless extended, earlier expired or terminated. Holders of the Tender Offer Notes must validly tender and not validly withdraw their Tender Offer Notes (which valid tender constitutes the valid delivery of consents in the Consent Solicitation with respect to such Tender Offer Notes) at or prior to 5:00 p.m. New York City time, on January 15, 2021 (the Early Tender Deadline) in order to be eligible to receive the applicable Total Consideration, which includes the applicable Early Tender Premium. Holders who validly tender their Tender Offer Notes after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the applicable Tender Consideration.