secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001104659-25-022973
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000110465925022973/0001104659-25-022973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000110465925022973/tm258936d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-022973

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