Micron Technology Settles Offering of $1B Senior Notes

Details

settled its offering of $1,000,000,000 aggregate principal amount of 5.30% senior notes due 2031. The notes were issued under an indenture and will mature on January 15, 2031, with interest payable semi-annually. Micron may redeem the notes under certain conditions and must repurchase them if specified change of control events occur. The company intends to use the net proceeds to repay borrowings and for general corporate purposes. An opinion on the legality of the notes was issued by Wilson Sonsini Goodrich & Rosati, Professional Corporation.

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About Micron Technology Inc.

Micron Technology Inc. is a leader in the production and innovation of memory and storage solutions. The company's core offerings include dynamic random-access memory (DRAM), NAND flash memory, and NOR flash memory, which are crucial for a wide range of computing devices. These products serve various sectors, including personal computing, mobile communications, automotive, and data centers, enabling advanced functionalities and improved performance. Micron’s innovations play a critical role in data processing and storage, facilitating advancements in artificial intelligence, machine learning, and edge computing. As a major player in the semiconductor industry, Micron Technology Inc. significantly influences the technology supply chain, contributing to the development of modern electronic devices and systems. With a focus on cutting-edge technology and efficient manufacturing, Micron is pivotal in driving forward the capabilities of memory solutions globally.