MICRON TECHNOLOGY INC (MU): debt financing — Micron issues $1.75B in senior notes, redeems $900M of 4.185% 2027 notes

MICRON TECHNOLOGY INC

Issued $500M of 5.65% senior notes due 2032 and $1.25B of 6.05% senior notes due 2035.
Net proceeds to redeem all $900M of 4.185% Senior Notes due 2027 at make-whole premium.
Will terminate fixed-to-floating interest rate swaps linked to the 2027 notes.
Interest on new notes payable semiannually from Nov 1, 2025; change-of-control put at 101%.
Notes issued under existing indenture with tenth supplemental indenture dated April 29, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

MICRON TECHNOLOGY INC incurred senior notes of $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 and $1,250,000,000 aggregate principal amount of with U.S. Bank Trust Company, National Association at 5.65% per year for the 2032 Notes; 6.05% per year for the 2035 Notes maturing November 1, 2032 for the 2032 Notes; November 1, 2035 for the 2035 Notes.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 and $1,250,000,000 aggregate principal amount of
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.65% per year for the 2032 Notes; 6.05% per year for the 2035 Notes
Maturity: November 1, 2032 for the 2032 Notes; November 1, 2035 for the 2035 Notes
Event: incurrence

Exact text from the filing

On April 29, 2025, Micron Technology, Inc. ("Micron," "we," "us," or "our") settled its offering of (i) $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 (the "2032 Notes"), and (ii) $1,250,000,000 aggregate principal amount of 6.05% senior notes due 2035 (the "2035 Notes" and, together with the 2032 Notes, the "Notes").

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Source: SEC EDGAR

accession 0001104659-25-041201

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