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Share Name | Share Symbol | Market | Type |
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Micron Technology Inc | NASDAQ:MU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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2.57 | 2.29% | 114.90 | 114.00 | 115.21 | 115.48 | 113.50 | 115.00 | 15,564,185 | 05:00:05 |
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MICRON TECHNOLOGY, INC.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-10658
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75-1618004
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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8000 South Federal Way
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Boise, Idaho 83716-9632
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(Address of principal executive offices)
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(208) 368-4000
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(Registrant’s telephone number, including area code)
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Item 1.01.
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Entry into a Material Definitive Agreement.
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in the case of Micron, consolidate with or merge with or into, or sell, assign, convey, transfer, lease, or otherwise dispose of all or substantially all of the properties, rights and assets of Micron and its restricted subsidiaries, taken as a whole, to another person;
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incur, guarantee, or otherwise become liable for any indebtedness secured by a lien;
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in the case of non-guarantor restricted subsidiaries, incur, guarantee, or otherwise become liable for any indebtedness not secured by a lien;
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create or incur certain liens; and
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enter into sale and lease-back transactions.
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(a)
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the aggregate first lien debt secured equally and ratably with obligations under the Credit Agreement does not exceed the greater of (x) $5.0 billion and (y) 33% of consolidated EBITDA; and
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(b)
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the aggregate priority debt that has lien or structural seniority to obligations under the Credit Agreement does not exceed the greater of (x) $7.5 billion and (y) 75% of consolidated EBITDA.
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(a)
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the aggregate priority debt of Micron or its domestic restricted subsidiaries that has lien or structural seniority to obligations under the Credit Agreement does not exceed the greater of (x) $1.5 billion and (y) 10% of consolidated EBITDA; and
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(b)
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the aggregate priority debt of Micron or any of its restricted subsidiaries that has lien or structural seniority to obligations under the Credit Agreement does not exceed the greater of (x) $4.0 billion and (y) 25% of consolidated EBITDA.
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Micron’s failure to pay principal of a loan when due;
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Micron’s failure to pay (a) any interest or scheduled fees for 5 business days after the date when due and (b) any other obligation for 10 business days after the date when due;
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Micron’s failure to comply with the financial covenants described above;
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the failure by Micron or any of its restricted subsidiaries to comply with any other agreement under the Credit Agreement and any security document for a period of 30 days after notice of breach;
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default under any indebtedness of Micron or a guarantor subsidiary that (a) either results from (i) failure to pay any principal of such indebtedness at its stated final maturity or (ii) a default with respect to another obligation under such indebtedness and such other default results in such indebtedness becoming due and payable before its stated maturity without such indebtedness (so long as such indebtedness is not secured equally and ratably with obligations under the Credit Agreement) having been discharged, cured, waived, rescinded, or annulled within 30 days and (b) the principal amount of which aggregates $100 million or more;
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certain events of bankruptcy, insolvency, or reorganization with respect to Micron or any of its significant subsidiaries;
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other than during a period where the collateral and guarantees are suspended under the Credit Agreement, any of the security documents shall cease, for any reason, to be in full force and effect with respect to collateral with a book
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other than during a period where the collateral and guarantees are suspended under the Credit Agreement and except as otherwise permitted, any guarantee provided by a significant subsidiary ceases, for any reason, to be in full force and effect or any significant subsidiary that is a guarantor denies or disaffirms its obligations;
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an ERISA event has occurred that would reasonably be expected to result in a material adverse effect; and
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any change of control of Micron.
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Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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MICRON TECHNOLOGY, INC.
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Date:
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July 3, 2018
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By:
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/s/ David A. Zinsner
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Name:
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David A. Zinsner
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Title:
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Senior Vice President and Chief Financial Officer
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1 Year Micron Technology Chart |
1 Month Micron Technology Chart |
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