secwatch.observer — SEC 8-K summary
======================================

Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001193125-25-152676
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell prices $1B senior notes offering, upsizes revolver to $1.5B
-------------------------------------------------------------------

- Issued $500M 4.750% notes due 2030 and $500M 5.450% notes due 2035; net proceeds ~$992.3M.
- New $1.5B revolver (up from $1.0B) matures June 2030; replaces existing facility from April 2023.
- Proceeds to repay 2026 term loans, revolver, and 2026 senior notes; remainder for general corporate.
- Notes priced at 99.304% (2030) and 99.163% (2035) of par; underwriters include JPM, BofA, Wells.
- Leverage ratio covenant set at ≤4.00x; interest spreads vary with debt ratings (Level 1–5).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000119312525152676/0001193125-25-152676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000119312525152676/d859414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-152676

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer