On April 29, 2025, Micron Technology, Inc. settled its offering of (i) $500,000,000 aggregate principal amount of 5.65% senior notes due 2032 (the "2032 Notes"), and (ii) $1,250,000,000 aggregate principal amount of 6.05% senior notes due 2035 (the "2035 Notes" and, together with the 2032 Notes, the "Notes"). The Notes were issued and sold in a public offering pursuant to a registration statement on Form S-3 (File No. 333-275276), including the prospectus contained therein (the "Base Prospectus"), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated April 24, 2025, a related final prospectus supplement dated April 24, 2025 (together with the Base Prospectus, the "Prospectus"), and a free writing prospectus dated April 24, 2025. Each series of Notes was issued pursuant to an indenture, dated as of February 6, 2019 (the "Base Indenture"), between Micron and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee, as supplemented by a tenth supplemental indenture, dated as of April 29, 2025 (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"). The Indenture contains certain covenants, events of default and other customary provisions.
The 2032 Notes bear interest at a rate of 5.65% per year and will mature on November 1, 2032. The 2035 Notes bear interest at a rate of 6.05% per year and will mature on November 1, 2035. Interest on each series of Notes is payable on May 1 and November 1 of each year, beginning on November 1, 2025.