Marvell raises $1B in 10-year debt at 5.3% to refinance 2026 notes

Filed April 15, 2026 · Period ending April 15, 2026 · ~1 min read

Key Changes

• high

  Marvell issued $1 billion of 5.300% senior notes due 2036, receiving net proceeds of $993.5 million after underwriting fees. The 10-year debt carries a relatively high interest rate.

  Item 1.01 verify on EDGAR →
• high

  Proceeds will primarily repay the company's 1.650% senior notes maturing in 2026. Remaining funds may be used for working capital, dividends, stock buybacks, or acquisitions.

  Item 8.01 verify on EDGAR →
• medium

  The company sold notes to underwriters at 99.235% of face value, who then offered them publicly at 99.885%, representing a 0.65% underwriting spread—standard for investment-grade debt.

  Item 1.01 verify on EDGAR →