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Broadcom ( (AVGO) ) has provided an update.
Broadcom Inc. has entered into a new credit agreement that establishes a $7.5 billion five-year unsecured revolving credit facility with Bank of America and other lenders. This facility will be used for general corporate purposes, replacing an existing credit agreement, and includes provisions for issuing multicurrency letters of credit, although no borrowings were outstanding on the closing date.
More about Broadcom
Broadcom Inc. operates in the semiconductor and infrastructure software industry, offering a wide range of products including semiconductors, networking equipment, and enterprise software solutions. The company focuses on providing technology solutions to a variety of industries including data center, networking, and broadband.
YTD Price Performance: -3.31%
Average Trading Volume: 28,568,169
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1051.4B
For a thorough assessment of AVGO stock, go to TipRanks’ Stock Analysis page.
