Marvell Technology Enters $3 Billion Revolving Credit Agreement, Replacing $1.5 Billion Facility
Marvell Technology entered a Third Amended and Restated Revolving Credit Agreement on October 22, 2026, with Bank of America, N.A. as administrative agent. The facility provides up to $3 billion in revolving loans, with an option to increase commitments by up to $2 billion, and it replaces the prior $1.5 billion facility; no loans were outstanding at signing.
Key points
- Facility size: up to $3 billion, expandable by up to $2 billion, subject to conditions.
- Replaces the Second Amended and Restated Revolving Credit Agreement dated June 30, 2025, which provided a $1.5 billion facility maturing June 2030.
- Matures on the fifth anniversary of the effective date, with a possible one-year extension request; no Revolving Loans were outstanding at the effective date.
- Maximum leverage ratio of 4.00 to 1.00, which may rise to 4.50 to 1.00 for four quarters after an acquisition of at least $500 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.