Marvell issues senior notes and signs a $1.5 billion revolving credit agreement

What the company reported

• On June 30, 2025, it issued $500,000,000 of 4.750% Senior Notes due 2030 and $500,000,000 of 5.450% Senior Notes due 2035.
• Net proceeds were about $992.3 million, to be used for repaying debt including term loans, the revolver and senior notes due 2026.
• It signed a revolving credit agreement of up to $1.5 billion with Bank of America as agent, replacing its earlier agreement.
• No revolving loans were outstanding on the effective date; the leverage ratio must stay at or below 4.00 to 1.00 each quarter end.