Micron Announces Expiration of Cash Tender Offers for Senior Notes

Micron expects to accept all validly tendered notes and make payment on April 3, 2026.

Apr. 1, 2026 at 12:36pm

Got story updates? Submit your updates here. ›

An extreme close-up of heavy, industrial banking machinery and components, conveying the tangible, secure nature of Micron's financial operations without using literal currency or charts.Micron's strategic debt management through a cash tender offer reflects the company's financial strength and commitment to optimizing its capital structure.Boise Today

Micron Technology, Inc. announced that the previously announced cash tender offers to purchase any and all of certain outstanding senior notes have expired. As of the expiration time, the aggregate principal amount of each series of notes has been validly tendered. Micron expects to accept for payment all notes validly tendered and not withdrawn, and expects to make payment for such notes on April 3, 2026.

Why it matters

The expiration of these cash tender offers is a significant financial event for Micron, as it allows the company to manage its debt obligations and capital structure. The successful completion of the tender offers could improve Micron's financial flexibility and position the company for future growth and investment.

The details

Micron announced the cash tender offers to purchase any and all of certain outstanding senior notes, including 5.300% Senior Notes due 2031, 5.650% Senior Notes due 2032, 5.875% Senior Notes due 2033, and others. The tender offers expired at 5:00 p.m. on March 31, 2026, with the aggregate principal amount of each series of notes being validly tendered. Micron expects to accept for payment all notes validly tendered and not withdrawn, and expects to make payment for such notes on April 3, 2026.

  • The cash tender offers expired at 5:00 p.m. on March 31, 2026.
  • Micron expects to accept for payment all notes validly tendered and not withdrawn, and expects to make payment for such notes on April 3, 2026.

The players

Micron Technology, Inc.

An industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all.

BofA Securities

One of the lead dealer managers for the cash tender offers.

Morgan Stanley & Co. LLC

One of the lead dealer managers for the cash tender offers.

Wells Fargo Securities, LLC

One of the lead dealer managers for the cash tender offers.

D.F. King & Co., Inc.

The information agent and tender agent for the cash tender offers.

Got photos? Submit your photos here. ›

What’s next

Micron expects to accept for payment all notes validly tendered and not withdrawn, and expects to make payment for such notes on April 3, 2026.

The takeaway

The successful completion of the cash tender offers will allow Micron to manage its debt obligations and capital structure, potentially improving the company's financial flexibility and positioning it for future growth and investment.