Marvell’s $1.4 Billion of Credit Facilities

Cravath represented Goldman Sachs Bank USA in connection with the arrangement of $1.4 billion of credit facilities made available to Marvell Technology Group Ltd., a leading producer of storage, communications and consumer semiconductor products, to finance its merger with Cavium, Inc. and for general corporate purposes. The facilities consisted of a $500 million revolving credit facility and a $900 million term commitment. The transaction closed on June 13, 2018.

The Cravath team included partner Tatiana Lapushchik and associates Matthew L. Ploszek and Ari B. Ruffer on banking matters; partner J. Leonard Teti II, associate Andrew T. Davis and foreign associate attorney Jean‑Baptiste Frantz on tax matters; and partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters.