Micron Technology $1.4 billion secondary offering

Overview:

• Micron Technology has undertaken a $1.4 billion secondary offering.
• Part of the net proceeds - $476 million - will be used for repayment of the previously issued 7.5% notes due 2023.
• The rest will be used for repayment of other outstanding debt securities.
• JP Morgan Securities has acted as sole underwriter.
• The issuer is a producer of memory and packaging technologies.

 Katrin Kostadinova - Data analyst