Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, in connection with the public offering by Micron Technology, Inc. (“Micron”) of $900 million aggregate principal amount of 4.185% Senior Notes due 2027 and $850 million aggregate principal amount of 4.663% Senior Notes due 2030. The net proceeds of the offering will be used to primarily fund the purchase price of Intel’s noncontrolling interest in IM Flash and IM Flash debt owed to Intel and the remaining net proceeds will be used for general corporate purposes, which may include capital expenditures, working capital and the repayment, repurchase, redemption or other retirement of Micron’s other existing indebtedness.
Micron, through its subsidiaries, manufactures semiconductor devices, principally NAND Flash, DRAM, and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
The Simpson Thacher team included Dan Webb, Karen Reyes and Jeremy Bethel (Capital Markets); Nicole Humphrey (Tax); Alexis Coll-Very (Regulatory); Marcela Robledo (IP); Michael Isby (Environmental); and Jennie Getsin (Blue Sky). Summer Associate Dan Teicher also provided valuable assistance.