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General

Marvell prices USD 1 bln offering that will help pay for Cavium

Thursday 21 June 2018 | 09:28 CET | News
Marvell has priced an offering of USD 500 million worth of 4.200 percent senior notes due 2023 and of USD 500 million worth of 4.875 percent senior notes due 2028. The offering is expected to complete close to 22 June. Money raised will be used to pay for Marvell's USD 6 billion takevero of Cavium, together with cash on hand and borrowings under a new term loan facility. Goldman Sachs, Merrill Lynch, Pierce, Fenner & Smith, Barclays Capital, HSBC, MUFG and Wells Fargo are acting as joint book-running managers.

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Categories: General
Companies: Cavium / Marvell
Countries: World
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