Marvell Technology’s $2 Billion Senior Notes Offering

Davis Polk advised the initial purchasers in the offering.

The $2 billion in aggregate principal amount of senior notes issued by Marvell Technology, Inc., a wholly owned subsidiary of Marvell Technology Group Ltd., consisted of $500 million aggregate principal amount of 1.650% senior notes due 2026, $750 million aggregate principal amount of 2.450% senior notes due 2028 and $750 million aggregate principal amount of 2.950% senior notes due 2031. Marvell intends to use the net proceeds from the offering to fund a portion of the aggregate cash portion of the merger consideration payable in connection with its pending acquisition of Inphi Corporation.

Based in Santa Clara, California, Marvell Technology Group Ltd., together with its consolidated subsidiaries is a global fabless semiconductor solutions provider of high-performance data infrastructure products.

The Davis Polk corporate team advising J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC, as the representatives of the several initial purchasers, included partners Alan F. Denenberg (Picture) and Stephen Salmon and associates Beth LeBow and Alex DeGroat. The tax team included counsel Kiara L. Rankin. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Yana Kipnis.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Alex DeGroat – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Yana Kipnis – Davis Polk & Wardwell; Beth LeBow – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Stephen Salmon – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; J.P. Morgan Securities LLC; Wells Fargo Securities;

Print Friendly, PDF & Email
Martina Bellini

Author: Martina Bellini