Micron Announces Proposed $750 Million Offering of Senior Notes
January 29 2015 - 7:10AM
Micron Technology, Inc., (Nasdaq:MU) today announced that it
intends to offer, subject to market and other considerations, $750
million aggregate principal amount of senior notes due 2023 (the
"Notes") through an offering to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended
(the "Securities Act"), and outside the United States to non-U.S.
persons pursuant to Regulation S under the Securities Act.
The interest rate, redemption provisions and other terms of the
Notes will be determined by negotiations between Micron and the
initial purchasers.
Micron intends to use the net proceeds from the offering for the
retirement or repurchase of convertible notes and debt and general
corporate purposes.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy any of the foregoing securities,
nor shall there be any offer, solicitation or sale in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
The Notes have not been registered under the Securities Act or
any state securities laws and may not be offered or sold in the
United States absent registration or an applicable exemption from
such registration requirements.
CONTACT: Kipp A. Bedard
Investor Relations
kbedard@micron.com
(208) 368-4465
Daniel Francisco
Media Relations
dfrancisco@micron.com
(208) 368-5584
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