Form 8-K · Current report
Marvell Technology 8-K, filed Oct 23, 2026
- Filed
- CIK
- 0001835632
- Accession no.
- 0001193125-26-430424
Summary
Marvell Technology entered a Third Amended and Restated Revolving Credit Agreement with its lenders and Bank of America, N.A. as administrative agent, providing for up to $3 billion in revolving borrowings and replacing a $1.5 billion facility from June 2025. The company may, subject to conditions, increase commitments by up to an additional $2 billion, and the agreement requires it to maintain a leverage ratio no greater than 4.00 to 1.00, step-up to 4.50 to 1.00 for an acquisition of at least $500 million and the following three quarters.
Key points
- The new facility matures on the fifth anniversary of its October 22, 2026 effective date, with an option to request a one-year extension.
- Borrowings bear interest at an alternate base rate, term SOFR, or daily SOFR plus a margin that varies with Marvell's debt ratings; unused commitment fees range from 0.075% to 0.20% per annum.
- No revolving loans were outstanding as of the agreement's effective date.
- The agreement prohibits Marvell subsidiaries from incurring additional indebtedness, subject to exceptions, and includes customary events of default.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Third Amended and Restated Revolving Credit Agreement On October 22, 2026, Marvell Technology, Inc. (the “Company”) entered into that certain Third Amended and Restated Revolving Credit Agreement (the “Revolving Credit Agreement”), by and among the Company, as borrower, the lenders party thereto (each, a “Revolving Lender”) and Bank of America, N.A. (the “Administrative Agent”), as the administrative agent. The Revolving Credit Agreement provides for borrowings of up to $3 billion in the form of revolving loans (“Revolving Loans”). …
An excerpt of the text as filed with the SEC, cut for length.
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