secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001104659-25-004879
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000110465925004879/0001104659-25-004879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000110465925004879/tm253757d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-004879

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