Micron Calls for Redemption of All 4.25% Convertible Senior Notes Due 2013
BOISE, Idaho, April 5, 2012 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq:MU), is calling today for redemption, on June 4, 2012, of $138,880,000 in aggregate principal amount of its 4.25% Convertible Senior Notes due 2013 (the "Notes"), which represents all of the outstanding Notes. The CUSIP number for the Notes being called for redemption is 595112 AJ2. Upon redemption, holders of the Notes being redeemed will receive $1,062.08 per $1,000 principal amount of the Notes, which includes accrued and unpaid interest on the Notes being redeemed to, but excluding, the redemption date and the make-whole premium applicable to the Notes.
A Notice of Redemption is being mailed to all registered holders of the Notes. Copies of the Notice of Redemption may be obtained from Wells Fargo Bank, National Association, the Paying Agent, by calling 1-800-344-5128.
Micron Technology, Inc. is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.
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CONTACT: Kipp A Bedard
Micron Technology, Inc.
Source: Micron Technology, Inc.
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