AI English summary of an SEC filing — figures as filed
Micron Technology MUThe company said it settled its public offering of $1,000,000,000 aggregate principal amount of 5.80% senior notes due 2035 on January 16, 2025. The notes were issued and sold under a Form S-3 registration statement and the January 13, 2025 prospectus supplement.
Key points
AI summaryThe company said it settled its public offering of $1,000,000,000 aggregate principal amount of 5.80% senior notes due 2035 on January 16, 2025. The notes were issued and sold under a Form S-3 registration statement and the January 13, 2025 prospectus supplement.
The company said the notes bear interest at 5.80% per year and will mature on January 15, 2035. Interest is payable each year on January 15 and July 15, with the first payment on July 15, 2025.
The company said it may redeem the notes before the Par Call Date, October 15, 2034, at the greater of a make-whole price based on the then current treasury rate plus 20 basis points or 100% of the principal amount, and at 100% of the principal amount on or after that date. If specified change of control triggering events occur, it must offer to repurchase the notes at 101% of the principal amount, plus accrued and unpaid interest.
The company said it plans to use the net proceeds from the notes to redeem the 2026 Notes and use any remainder for general corporate purposes, which may include repaying other debt. On January 13, 2025, it issued a notice to fully redeem its 4.975% Senior Notes due 2026, and it plans to redeem principal of $500,000,000 at 100% of principal, plus a make-whole premium and unpaid interest.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Micron prices $1,000,000,000 5.80% senior notes due 2035
The company said it settled its public offering of $1,000,000,000 aggregate principal amount of 5.80% senior notes due 2035 on January 16, 2025. The notes were issued and sold under a Form S-3 registration statement and the January 13, 2025 prospectus supplement.
Source · Based on the filing body and exhibits
Interest terms and January 15, 2035 maturity
The company said the notes bear interest at 5.80% per year and will mature on January 15, 2035. Interest is payable each year on January 15 and July 15, with the first payment on July 15, 2025.
Source · Based on the filing body and exhibits
Redemption terms and 101% change of control repurchase offer
The company said it may redeem the notes before the Par Call Date, October 15, 2034, at the greater of a make-whole price based on the then current treasury rate plus 20 basis points or 100% of the principal amount, and at 100% of the principal amount on or after that date. If specified change of control triggering events occur, it must offer to repurchase the notes at 101% of the principal amount, plus accrued and unpaid interest.
Source · Based on the filing body and exhibits
Redeeming 4.975% Senior Notes due 2026 with net proceeds
The company said it plans to use the net proceeds from the notes to redeem the 2026 Notes and use any remainder for general corporate purposes, which may include repaying other debt. On January 13, 2025, it issued a notice to fully redeem its 4.975% Senior Notes due 2026, and it plans to redeem principal of $500,000,000 at 100% of principal, plus a make-whole premium and unpaid interest.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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