debt
confidence high
sentiment neutral
materiality 0.70
Micron completes cash tender offers for ~$4.5B of senior notes, expiring March 31
MICRON TECHNOLOGY INC
- Offered to purchase any and all of six series of senior notes with $5.4B outstanding principal.
- Notes consideration ranged from $1,048.11 to $1,079.93 per $1,000 principal, at premium above par.
- Valid tenders totaled ~$4.32B, plus ~$140M via guaranteed delivery; settlement expected April 3, 2026.
- Tender offers were not conditioned on any minimum amount of any series being tendered.