Tender offers by Micron Technology, Inc. to purchase its 5.625% Senior Notes due 2026 and 5.5% Senior Notes due 2025

Simpson Thacher represented Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as dealer managers, in connection with the tender offers by Micron Technology, Inc. to purchase its 5.625% Senior Notes due 2026 and 5.5% Senior Notes due 2025 (collectively, the “Notes”) for cash up to an aggregate purchase price of $1 billion.

The tender offers launched on March 27, 2017, with early settlement occurring on April 11, 2017. Approximately $951.2 million in aggregate principal amount of Notes were validly tendered and accepted.

Micron Technology, 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 for the transaction included Dan Webb (Picture) and Duncan Taylor (Capital Markets); and Katharine Moir and Tanvi Mirani (Tax).

 

Involved fees earner: Daniel Webb – Simpson Thacher & Bartlett; Duncan Taylor – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Tanvi Mirani – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Credit Suisse Securities Limited; JP Morgan Securities;

 

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Author: Ambrogio Visconti