Micron Technology Inc., founded in 1978 and headquartered in Boise, Idaho, is a leading manufacturer of memory and storage solutions. The company specializes in DRAM, NAND, and NOR flash memory products, serving a diverse range of markets including computing, mobile, automotive, and Internet of Things (IoT) applications.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Micron began issuing corporate bonds in the early 2000s, with one of its significant bond offerings occurring in 2011 when it issued $1 billion in senior notes to finance its acquisition of Elpida Memory. The company's bonds have generally offered competitive yields compared to industry peers, with recent issuances reflecting a modest yield spread amid a favorable credit profile. Notably, in 2022, Micron launched a $1.5 billion bond offering to support operational expansion, which included a mix of fixed and floating rate notes, showcasing its strategic approach to managing its debt portfolio in a dynamic market environment.