---
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"
generated_at: "2026-06-17T01:31:25.768958+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Marvell enters new $1B revolving credit facility; increases borrowing capacity 33%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-103639
- JSON: https://secwatch.observer/filing/0001193125-23-103639.json
- Plain text: https://secwatch.observer/filing/0001193125-23-103639.txt

## Key facts
- Debt Financings
  Marvell Technology, Inc. amended credit facility with JPMorgan Chase Bank, N.A., as the administrative agent.
  - Instrument: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as the administrative agent
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $1.0 billion
  - Rate: adjusted term SOFR rate plus a margin based on ratings, which margin initially e
  - Maturity: fifth anniversary of the date of execution of the Revolving Credit Agreement
  - Event: amendment
  source text: The Revolving Credit Agreement provides for borrowings of up to $1.0 billion in the form of revolving loans
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as the administrative agent
  - Value: up to $1.0 billion
  - Effective: 2023-04-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm
- Material Agreements
  Marvell Technology, Inc. amended First Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as the administrative agent (effective 2023-04-14).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as the administrative agent
  - Effective: 2023-04-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1835632/000119312523103639/0001193125-23-103639-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.