Micron enters $3.5B revolver maturing 2030, replaces $2.5B facility

MICRON TECHNOLOGY INC

New $3.5B committed revolving credit facility signed March 12, 2025; no outstanding borrowings at close.
Matures March 12, 2030; replaces $2.5B facility that was to mature May 14, 2026.
Interest rate margins vary by credit rating: base rate +0.00%-0.50%; SOFR +0.875%-1.50%.
Net leverage covenant not to exceed 3.25x (temporarily 3.75x after material acquisitions); no dividend restriction.
Incremental facility capacity of up to $1.5B, subject to lender consent and covenant compliance.

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