Marvell Technology $2 billion senior notes offering
We advised the initial purchasers on the unregistered debt offering

Davis Polk advised the initial purchasers in connection with an unregistered offering of $2 billion in aggregate principal amount of senior notes by Marvell Technology, Inc., a wholly owned subsidiary of Marvell Technology Group Ltd., consisting 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 included partners Alan F. Denenberg 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. Members of the Davis Polk team are based in the Northern California and New York offices.