Micron discloses CAC cybersecurity review in China; issues $1.5B in senior notes

MICRON TECHNOLOGY INC

CAC notified Micron on March 31, 2023 of a cybersecurity review of products sold in China; Micron cooperating.
Direct sales to China/HK were 11% and 5% of FY2022 revenue; adverse outcome could materially affect business.
Offered $600M 5.375% notes due 2028 and $900M 5.875% notes due 2033 in a public offering.
Net proceeds to partially repay senior term loan due Oct 2024 and for general corporate purposes.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MICRON TECHNOLOGY INC entered into Seventh Supplemental Indenture to Base Indenture dated as of February 6, 2019 with U.S. Bank Trust Company, National Association valued at $600,000,000 aggregate principal amount of 5.375% senior notes due 2028 and $900,000,000 aggregate p (effective 2023-04-11).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600,000,000 aggregate principal amount of 5.375% senior notes due 2028 and $900,000,000 aggregate p
Effective: 2023-04-11

Exact text from the filing

On April 11, 2023, Micron Technology, Inc. ("Micron," "we," "us," or "our") settled its offering of $600,000,000 aggregate principal amount of 5.375% senior notes due 2028 (the "2028 Notes") and $900,000,000 aggregate principal amount of 5.875% senior notes due 2033 (the "2033 Notes" and, together with the 2028 Notes, the "Notes") in a public offering (the "Offering").

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Source: SEC EDGAR

accession 0000723125-23-000026

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