KKR Expands Tech Holdings, Backs Software Provider Box
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KKR & Co. is leading a $500 million investment in
Box Inc. in a deal that will see one of its representatives join the board of the cloud software company.
The private equity firm said on Thursday it will receive preferred convertible stock in Box as a result of the transaction, according to a statement that confirmed a
Bloomberg News report.
While
Aaron Levie will continue as Box’s chief executive officer after the deal but will step down as chairman, Box said. He will remain on the board.
Marvell : Technology Group Ltd Announces Pricing of $2 Billion Senior Notes Offering
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Marvell : Technology Group Ltd Announces Commencement of Exchange Offers and Consent Solicitations for Senior Notes
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SANTA CLARA, Calif., April 5, 2021 /PRNewswire/
Marvell Technology Group Ltd. (NASDAQ: MRVL) ( Marvell ) announced today that its wholly owned subsidiary, Marvell Technology, Inc. ( MTI ), commenced private exchange offers to certain eligible holders (each, an Exchange Offer, and collectively, the Exchange Offers ) for: (i) any and all outstanding 4.200% Senior Notes due 2023 issued by Marvell (the Marvell 2023 Notes ) for up to an aggregate principal amount of $500.0 million of new 4.200% Senior Notes due 2023 issued by MTI (the MTI 2023 Notes ) and (ii) any and all outstanding 4.875% Senior Notes due 2028 issued by Marvell (the Marvell 2028 Notes and, together with the Marvell 2023 Notes, the Marvell Notes ) for up to $500.0 million of new 4.875% Senior Notes due 2028 issued by MTI (the MTI 2028 Notes and, together with the MTI 2023 Notes, the MTI Notes ).