Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MICRON TECHNOLOGY INC incurred term loan of $600 million aggregate principal amount (three tranches) with Wells Fargo Bank, National Association, as administrative agent, and other lenders at adjusted term SOFR plus an applicable interest rate margin ranging from 1.00% to maturing November 3, 2025 (Term A-1), November 3, 2026 (Term A-2), November 3, 2027 (Term A-3).
- Instrument
- term loan
- Principal
- $600 million aggregate principal amount (three tranches)
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, and other lenders
- Rate
- adjusted term SOFR plus an applicable interest rate margin ranging from 1.00% to
- Maturity
- November 3, 2025 (Term A-1), November 3, 2026 (Term A-2), November 3, 2027 (Term A-3)
- Event
- incurrence
Exact text from the filing
The Incremental Term Loan Amendment provides a committed incremental term loan facility (the “Incremental Term Loan Facility”) consisting of three tranches of term loans in an aggregate principal amount of $600 million. On the Closing Date, the company borrowed $125 million in aggregate principal amount of incremental Term A-1 loans (“Incremental Term A-1 Loans”), $250 million in aggregate principal amount of incremental Term A-2 loans (“Incremental Term A-2 Loans”), and $225 million in aggregate principal amount of incremental Term A-3 loans (“Incremental Term A-3 Loans”, and collectively the “Incremental Term Loans”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MICRON TECHNOLOGY INC amended Incremental Amendment No. 1 to the Term Loan Credit Agreement with Wells Fargo Bank, National Association and certain lenders valued at $600 million (effective 2023-01-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association and certain lenders
- Value
- $600 million
- Effective
- 2023-01-05
Exact text from the filing
On January 5, 2023 (the “Closing Date”), Micron Technology, Inc. (the “Company”), entered into an Incremental Amendment No. 1 to the Term Loan Credit Agreement (the “Incremental Term Loan Amendment”), by and among the Company, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.
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