Marvell Technology doubles revolving credit facility to $3 billion
MRVL•Marvell Technology entered a $3 billion revolving credit agreement on October 22, 2026, replacing its $1.5 billion facility. The agreement includes a five-year maturity and allows commitments to increase by up to $2 billion, subject to conditions.
1. Credit facility terms
The amended agreement names Bank of America as administrative agent. Loans mature five years after the effective date, with a conditional one-year extension available. SOFR loan margins range from 0.88% to 1.5%, while alternate base rate margins range from 0% to 0.5%.
2. Leverage limits
The leverage limit is 4:1, with a conditional temporary increase to 4.5:1 for acquisitions of at least $500 million.
