{"schema_version":"secwatch.filing_event.v1","accession":"0000723125-23-000004","form_type":"8-K","ticker":"MU","cik":"0000723125","company_name":"MICRON TECHNOLOGY INC","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.885517+00:00","generated_at":"2026-06-20T19:58:23.528855+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Micron enters $600M incremental term loan facility; borrows $125M, $250M, $225M in three tranches","bullets":["Incremental Term Loan Amendment signed Jan 5, 2023; aggregate principal $600M across three tranches.","Tranches: Incremental Term A-1 $125M (matures Nov 2025, no amortization), A-2 $250M (matures Nov 2026), A-3 $225M (matures Nov 2027).","Interest is adjusted term SOFR + 1.00%-2.00% or base rate + 0.00%-1.00%, depending on credit ratings.","Proceeds used for general corporate purposes, including capital expenditures.","Leverage covenant maximum 3.25x EBITDA (temporarily 3.75x after material acquisitions)."],"urls":{"canonical":"https://secwatch.observer/filing/0000723125-23-000004","json":"https://secwatch.observer/filing/0000723125-23-000004.json","markdown":"https://secwatch.observer/filing/0000723125-23-000004.md","text":"https://secwatch.observer/filing/0000723125-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723125/000072312523000004/0000723125-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723125/000072312523000004/mu-20230105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:58:23.528855+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e1abac43a5d245372831d9dfa2911459989c2c8","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723125/000072312523000004/0000723125-23-000004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600 million aggregate principal amount (three tranches)"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent, and other lenders"},{"label":"Rate","value":"adjusted term SOFR plus an applicable interest rate margin ranging from 1.00% to"},{"label":"Maturity","value":"November 3, 2025 (Term A-1), November 3, 2026 (Term A-2), November 3, 2027 (Term A-3)"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"166854e81ea2b50863b4981f049b341f4244beb6","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723125/000072312523000004/0000723125-23-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association and certain lenders"},{"label":"Value","value":"$600 million"},{"label":"Effective","value":"2023-01-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}