Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC, in connection with the public offering by Micron Technology, Inc. (“Micron”) of $1.25 billion aggregate principal amount of 2.497% Senior Notes due 2023. The net proceeds of the offering will be used to repay a portion of the outstanding borrowings under their existing revolving credit facility.
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, Elaine Zhou and William Perrone (Capital Markets); Nicole Humphrey (Tax); Jeffrey Ostrow (IP); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).