debt
confidence high
sentiment neutral
materiality 0.65
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.