Broadcom
Broadcom is a San Jose, California-based fabless semiconductor company.
Key facts
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| Business Model | Commerce |
|---|---|
| CAGE Code | 88G28 |
| Legal Name | Broadcom Inc. |
| Company Operating Status | Active |
| Full Address | 1320 Ridder Park Dr San Jose, CA, 95131-2313 United States |
| Public/Private | Public |
| Stock Symbol | AVGO |
| Wellfound ID | broadcom |
Covenant analysis
| Covenant | Term | vs market | Source |
|---|---|---|---|
| Commitment Increase Limit · Structural Covenant | Maximum aggregate increase of $100,000,000, minimum request of $10,000,000, maximum three requests | source ↗ | |
| Lien Covenant · Negative Covenant – Liens | No liens except as permitted under Section 7.01 | source ↗ | |
| No Further Negative Pledge · Negative Covenant | Borrower and subsidiaries may not enter into agreements limiting ability to create Liens, subject to exceptions | source ↗ | |
| Financial Statements – Annual Delivery · Affirmative Covenant | Within 90 days after fiscal year end | source ↗ | |
| Sanctions and Anti-Corruption Use of Proceeds · Negative Covenant | Proceeds may not be used in furtherance of Anti-Corruption Laws violations or to fund Sanctioned entities or Designated Jurisdictions | source ↗ | |
| Financial Statements – Quarterly Delivery · Affirmative Covenant | Within 45 days after end of each of first three fiscal quarters | source ↗ | |
| Use of Proceeds · Affirmative Covenant | Working capital, capital expenditures, permitted acquisitions, general corporate purposes including backstop of commercial paper | source ↗ | |
| Consolidated EBITDA – Cash Charge Add-back Cap · Financial Definition | Aggregate extraordinary and non-recurring cash charges added back shall not exceed $100,000,000 for any period | market $100m vs financial definition median $175m (n=6) | source ↗ |
| Consolidated EBITDA – Cash Gain Subtraction Cap · Financial Definition | Aggregate extraordinary and non-recurring cash gains subtracted shall not exceed $100,000,000 for any period | market $100m vs financial definition median $175m (n=6) | source ↗ |
| Consolidated Leverage Ratio (Compliance Certificate) · Financial Maintenance | Maximum permitted: 3.25:1 | tight 3.25x vs leverage median 4x (n=99) | source ↗ |