Micron Technology Enters Material Definitive Agreement

Ticker: MU · Form: 8-K · Filed: 2025-04-29T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

Related Tickers: MU

TL;DR

Micron signed a big deal, expect financial moves.

AI Summary

On April 24, 2025, Micron Technology, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report covers other events and includes financial statements and exhibits.

Why It Matters

This filing signals a significant new contractual commitment for Micron Technology, potentially impacting its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial and operational risks.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Micron Technology, Inc. on April 24, 2025?

The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.

What type of direct financial obligation or off-balance sheet arrangement was created?

The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but the specific details are not provided in this excerpt.

Are there any specific dollar amounts associated with the new financial obligations?

The provided text does not contain specific dollar amounts related to the new financial obligations.

What other events are reported in this 8-K filing?

The filing mentions 'Other Events' as a category of information being reported, but the specifics are not detailed in the provided text.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted on April 29, 2025.

From the Filing

0001104659-25-041201.txt : 20250429 0001104659-25-041201.hdr.sgml : 20250429 20250429160416 ACCESSION NUMBER: 0001104659-25-041201 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250424 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250429 DATE AS OF CHANGE: 20250429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICRON TECHNOLOGY INC CENTRAL INDEX KEY: 0000723125 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 751618004 STATE OF INCORPORATION: DE FISCAL YEAR END: 0828 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 25887062 BUSINESS ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: PO BOX 6 CITY: BOISE STATE: ID ZIP: 83716-9632 BUSINESS PHONE: 2083684000 MAIL ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: PO BOX 6 CITY: BOISE STATE: ID ZIP: 83716-9632 8-K 1 tm2513434d1_8k.htm FORM 8-K false 0000723125 0000723125 2025-04-24 2025-04-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934   April 24, 2025 Date of Report (date of earliest event reported)       Micron Technology, Inc. (Exact name of registrant as specified in its charter)   Delaware   1-10658   75-1618004 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   8000 South Federal Way Boise , Idaho 83716-9632   (Address of principal executive offices and Zip Code)     ( 208 ) 368-4000   (Registrant’s telephone number, including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading  symbol   Name of each exchange on which registered Common Stock, par value $0.10 per share   MU   Nasdaq Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨           Item 1.01. Entry into a Material Definitive Agreement.   On April 29, 2025, Micron Technology, Inc. ("Micron," "we," "us," or "our") 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

View on Read The Filing