Qualcomm sells $4.0 billion of notes in five tranches

Qualcomm is selling $4.0 billion of senior notes in five tranches priced from 5.000 percent due 2028 to 5.800 percent due 2036, and will use about $2.0 billion of the proceeds to repay its 3.250 percent notes maturing in May 2027.

Why it matters: The offering term-out Qualcomm's maturity profile at coupons above 5 percent, a marker of what large investment-grade technology issuers now pay to refinance low-coupon pandemic-era debt.

Data as of Qualcomm prospectus supplement on Form 424B5 filed with the SEC on November 10, 2026 (accession 0001104659-26-125254), read in full from the filing text in this run; every figure is from the filing itself. Developing item.

Qualcomm Incorporated is offering $4.0 billion of senior notes in five tranches, according to a prospectus supplement filed with the SEC on Tuesday: $750 million of 5.000 percent notes due 2028, $750 million of 5.150 percent notes due 2029, $1.0 billion of 5.350 percent notes due 2031, $750 million of 5.600 percent notes due 2033 and $750 million of 5.800 percent notes due 2036, with interest payable each May 20 and November 20 from May 20, 2027.

Qualcomm estimates net proceeds of about $3.98 billion and intends to use the money to repay all $2.0 billion of its outstanding 3.250 percent notes due May 20, 2027 by their stated maturity, with the remainder for general corporate purposes, which may include repaying commercial paper borrowings, funding working capital and acquisitions.

Qualcomm sells $4.0 billion of notes in five tranches

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