Micron Launches $870.0M Offering of Convertible Senior Notes

Micron Technology, Inc.

today announced that it intends to offer, subject to market and other considerations, $435.0 million aggregate principal amount of convertible senior notes due 2032 and $435.0 million aggregate principal amount of convertible senior notes due 2032 through an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In connection with this offering, Micron intends to grant the initial purchasers an over-allotment option with respect to an additional $65.0 million aggregate principal amount of 2032A Notes and an additional $65.0 million aggregate principal amount of 2032B Notes.