Marvell Technology, Inc. (MRVL) Form 8-K — Oct 23, 2026
Marvell Technology entered into a Third Amended and Restated Revolving Credit Agreement on October 22, 2026, providing for a $3 billion revolving credit facility with Bank of America, N.A. as administrative agent. This doubles the size of the prior $1.5 billion facility that had been set to mature in June 2030. The new facility matures on the fifth anniversary of the effective date and includes a $2 billion accordion for incremental commitments.
Key figures
- Debt Amount
- 3000000000
- Interest Rate
- Term/daily SOFR + 0.875%-1.5% or ABR + 0.0%-0.5%, based on debt ratings
- Maturity Date
- Fifth anniversary of the effective date (October 2031), extendable by one year
- Max leverage ratio
- 4.00 to 1.00 (4.50 to 1.00 following a $500M+ Qualified Acquisition)
- Prior facility size
- 1500000000
- Incremental capacity
- 2000000000
- Unused commitment fee
- 0.075% to 0.20% per annum
- Amount outstanding at close
- 0
AI analysis
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