Micron said it settled its public offering of $1,000,000,000 in aggregate principal amount of 5.30% senior notes due January 12, 2024 2031.

1. 01

   Micron said it settled its public offering of $1,000,000,000 in aggregate principal amount of 5.30% senior notes due January 12, 2024 2031.

2. 02

   The company said the notes bear interest at 5.30% per year and mature on January 15, 2031, with interest payable on January 15 and July 15 each year, beginning on July 15, 2024.

3. 03

   It said that before the Par Call Date of November 15, 2030, it may redeem the notes at its option at a price based on the present value of remaining payments discounted at the treasury rate plus 20 basis points, and that if a specified change of control triggering event occurs, it must offer to repurchase the notes at 101% of principal, plus accrued and unpaid interest.

4. 04

   The company said it intends to use the net proceeds from the notes to repay borrowings under its senior term loan due October 2024, and to use the remainder for general corporate purposes, which may include repaying other indebtedness.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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