---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-004879"
form_type: "8-K"
ticker: "MU"
cik: "0000723125"
company_name: "MICRON TECHNOLOGY INC"
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:38:35.856156+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-004879
- form_type: 8-K
- ticker: MU
- cik: 0000723125
- company_name: MICRON TECHNOLOGY INC
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723125/000110465925004879/0001104659-25-004879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723125/000110465925004879/tm253757d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-004879
- JSON: https://secwatch.observer/filing/0001104659-25-004879.json
- Plain text: https://secwatch.observer/filing/0001104659-25-004879.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.