Marvell Technology Doubles Revolving Credit Facility to $3 Billion
Bitget2026/10/23 20:07- Marvell Technology entered a $3 billion amended revolving credit agreement on October 22, 2026, with Bank of America as administrative agent.
- The facility replaces a $1.5 billion revolver; commitments may increase by up to $2 billion, subject to conditions.
- Loans mature five years from the effective date, with a conditional one-year extension available.
- SOFR loans carry ratings-based margins of 0.88%–1.5%; alternate base rate loan margins range from 0% to 0.5%.
- The leverage limit is 4:1, temporarily increasing to 4.5:1 for acquisitions of at least $500 million, subject to conditions.
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