Micron Technology Announces Settlement of Senior Notes Offering and Notice to Redeem 2027 Notes

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announced the settlement of its offering of $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 and $1,250,000,000 aggregate principal amount of 6.05% senior notes due 2035. Concurrently, the company issued a notice to redeem in full its outstanding 4.185% Senior Notes due 2027. The net proceeds from the new notes offering will be used to pay the redemption price of the 2027 Notes and for general corporate purposes. Micron also received a legal opinion confirming the legality of the new notes offering.

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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.