Micron enters $1.6835B term loan due 2029, repays existing $1.9335B facility; shareholders approve 2025 equity plan

MICRON TECHNOLOGY INC

New $1.6835B non-amortizing term loan matures Jan 17, 2029; proceeds plus cash repaid $1.9335B existing term loan.
Interest at SOFR + 0.875%-1.50% or base rate + 0.00%-0.50%; unsecured; max net leverage ratio 3.25x.
Stockholders approved 2025 Equity Incentive Plan, reserving 48,575,795 shares, replacing the 2007 Plan.
All eight director nominees elected; non-binding say-on-pay and auditor ratification passed.

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