debt
confidence high
sentiment neutral
materiality 0.50
Micron closes $750M offering of 6.750% senior notes due 2029
MICRON TECHNOLOGY INC
- Aggregate principal $750M, interest 6.750%, matures Nov 1, 2029.
- Issued under indenture with U.S. Bank Trust; covenants, events of default customary.
- Net proceeds for general corporate purposes, may include capital expenditures.
- Micron may redeem notes at any time at treasury rate + 40 bps before Par Call Date (Sept 1, 2029).
- Change of control triggering events require repurchase at 101% of principal plus accrued interest.