debt
confidence high
sentiment neutral
materiality 0.50
Marvell issues $1B of 5.300% Senior Notes due 2036; net proceeds ~$993.5M to repay 2026 notes
Marvell Technology, Inc.
- $1,000,000,000 aggregate principal of 5.300% Senior Notes due April 15, 2036, issued April 15, 2026.
- Net proceeds of ~$993.5 million after underwriters' discount; used to repay 1.650% notes due 2026 and for general corporate purposes.
- Interest payable semi-annually on April 15 and October 15, beginning October 15, 2026.
- Notes redeemable at issuer's option at Treasury Rate plus 15 bps prior to January 15, 2036, thereafter at par.
- Underwriters: Wells Fargo, BofA, J.P. Morgan, Mizuho; public offering price 99.885% of principal.
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