Micron Technology Enters New Credit Agreement and Terminates Existing One

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entered into a new $3.5 billion revolving credit agreement, replacing its existing $2.5 billion credit agreement that was due to mature on May 14, 2026. The new agreement, which matures on March 12, 2030, provides the company with a revolving credit facility for general corporate purposes. The company incurred no material early termination penalties with the termination of the existing credit agreement.

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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.