{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-103639","form_type":"8-K","ticker":"MRVL","cik":"0001835632","company_name":"Marvell Technology, Inc.","filed_at":"2023-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.022612+00:00","generated_at":"2026-06-17T01:31:25.768958+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Marvell enters new $1B revolving credit facility; increases borrowing capacity 33%","bullets":["New $1.0B revolving credit facility matures in 2028; replaces prior $750M facility due 2025.","Interest rate based on Adjusted Term SOFR plus margin (initially 1.375%); commitment fee 0.175% on unused amount.","Financial covenant requires leverage ratio ≤ 4.00x; aligns with amendment to existing JPMorgan credit agreement.","Proceeds used for general corporate purposes; facility can be prepaid without premium or penalty.","First Amendment to existing credit agreement adopts SOFR interest rates and conforms leverage covenant."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-103639","json":"https://secwatch.observer/filing/0001193125-23-103639.json","markdown":"https://secwatch.observer/filing/0001193125-23-103639.md","text":"https://secwatch.observer/filing/0001193125-23-103639.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/d837395d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:31:25.768958+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6ffef63d409cd6b34b20f2a9792bb39d78d97b7d","claim":"Marvell Technology, Inc. amended credit facility with JPMorgan Chase Bank, N.A., as the administrative agent.","evidence_excerpt":"The Amendment amends and modifies the Existing Credit Agreement to, among other things, adopt SOFR interest rates and conform the maximum leverage ratio financial covenant with the Revolving Credit Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as the administrative agent"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b87f5021995115b993c536e7099394f046d7d2f3","claim":"Marvell Technology, Inc. amended revolving credit of up to $1.0 billion at adjusted term SOFR rate plus a margin based on ratings, which margin initially e maturing fifth anniversary of the date of execution of the Revolving Credit Agreement.","evidence_excerpt":"The Revolving Credit Agreement provides for borrowings of up to $1.0 billion in the form of revolving loans","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $1.0 billion"},{"label":"Rate","value":"adjusted term SOFR rate plus a margin based on ratings, which margin initially e"},{"label":"Maturity","value":"fifth anniversary of the date of execution of the Revolving Credit Agreement"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"60f90930ae88a84cf4f5a42045e5a430abcfbb95","claim":"Marvell Technology, Inc. entered into Revolving Credit Agreement with Bank of America, N.A., as the administrative agent valued at up to $1.0 billion (effective 2023-04-14).","evidence_excerpt":"On April 14, 2023, Marvell Technology, Inc. (“ Marvell ” or the “ Company ”) entered into an amended and restated revolving credit agreement by and among Marvell, the lenders party thereto (each, a “ Revolving Lender ”) and Bank of America, N.A., as the administrative agent (the “ Revolving Credit Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as the administrative agent"},{"label":"Value","value":"up to $1.0 billion"},{"label":"Effective","value":"2023-04-14"}],"fact_type":"material_agreement"},{"claim_id":"6cc49848afd2d1add9cbde0488c3c2f6e7668a60","claim":"Marvell Technology, Inc. amended First Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as the administrative agent (effective 2023-04-14).","evidence_excerpt":"On April 14, 2023, Marvell entered into First Amendment to Credit Agreement by and among Marvell, the lenders party thereto, and JPMorgan Chase Bank, N.A., as the administrative agent (the “ Amendment ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as the administrative agent"},{"label":"Effective","value":"2023-04-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}