MICRON TECHNOLOGY INC (MU): debt financing — Micron issues $1B of 5.30% senior notes due 2031 to repay term loan

MICRON TECHNOLOGY INC

Issued $1,000,000,000 aggregate principal of 5.30% senior notes due January 15, 2031.
Interest payable semi-annually on January 15 and July 15, beginning July 15, 2024.
Net proceeds used to repay borrowings under senior term loan due October 2024 and for general corporate purposes.
Notes callable at par after November 15, 2030; change-of-control put at 101% of principal.
Issued under existing indenture with U.S. Bank Trust Company as trustee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

MICRON TECHNOLOGY INC incurred senior notes of $1,000,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) at 5.30% per year maturing January 15, 2031.

Instrument: senior notes
Principal: $1,000,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association)
Rate: 5.30% per year
Maturity: January 15, 2031
Event: incurrence

Exact text from the filing

On January 12, 2024, Micron Technology, Inc. ("Micron," " we," "us," or "our") settled its offering of $1,000,000,000 aggregate principal amount of 5.30% senior notes due 2031 (the "Notes").

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Source: SEC EDGAR

accession 0001104659-24-003666

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