secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001193125-23-236966
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell issues $1B in senior notes at 5.750% and 5.950% to refinance debt
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- $500M 5.750% notes due Feb 2029; $500M 5.950% notes due Sep 2033.
- Net proceeds of ~$989M after underwriters' discount.
- Proceeds to repay term loans due 2024 and revolver; remainder for general corporate purposes.
- Underwriters: J.P. Morgan, BofA Securities, and Wells Fargo Securities.
- Offering closed on September 18, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000119312523236966/0001193125-23-236966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000119312523236966/d550936d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236966

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