The company said on January 17, 2025 it entered into a Term Loan Credit Agreement with PNC Bank, National Association as administrative agent and borrowed $1.6835 billion under it. It said it plans to use the proceeds to repay part of the outstanding principal under the existing Term Loan Credit Agreement.

1. 01

   The company said on January 17, 2025 it entered into a Term Loan Credit Agreement with PNC Bank, National Association as administrative agent and borrowed $1.6835 billion under it. It said it plans to use the proceeds to repay part of the outstanding principal under the existing Term Loan Credit Agreement.

2. 02

   Micron said the Term Loan does not amortize and matures on January 17, 2029. It said the additional interest rate margin for adjusted term SOFR borrowings ranges from 0.875% to 1.50% per annum, and that its net leverage ratio must not exceed 3.25 to 1.00.

3. 03

   The company said it terminated its existing Term Loan Credit Agreement on January 17, 2025, the November 3, 2022 Closing Date. It said the $1.9335 billion outstanding principal was repaid with proceeds of the new Term Loan and company cash, and that it incurred no material early termination penalties.

4. 04

   Micron said stockholders approved the 2025 Equity Incentive Plan at its annual meeting on January 16, 2025 with 745,902,803 votes in favor, and that 48,575,795 shares of common stock were reserved for issuance under the plan.

Analysis 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.

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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